ForumIAS LATEST
- Prelims Test Series (PTS) for Prelims 2027 starts 11th Oct. 2026 Click Here to know more →
- [Pre-order] Ethics Redbook 3rd Edition: Delivery starts from 10th October onwards Click Here to Read More →
- 21 Sept. | Forum Residential Coaching (FRC) for UPSC preparation Click Here to know more →
- 21 Sept. | GS Advance Program (GSAP) for UPSC 2027 Mains starts from 10th Oct. Click Here to Read More →
RBI is not comfortable with bitcoins:
Context:
- Bitcoins and other cryptocurrencies
Why was it in the news?
- The RBI’s executive director termed non-fiat cryptocurrency as a private cryptocurrency.
- A group of people (user) who are looking at fiat cryptocurrencies.
- The RBI is studying the aspect of issuing a digital currency in place of the physical currency in circulation.
- The central bank has cautioned users about Bitcoins.
What is the recent spurt about Bitcoins?
- There has been a growing number of investors in cryptocurrencies over the last few years.
