technology

RBI could lose control over money supply if crypto is allowed: Ex-Governor

RBI could lose control over money supply if crypto is allowed: Ex-Governor

Former RBI Governor Duvvuri Subbarao has said the central bank could lose control over money supply and inflation management if cryptocurrency is allowed in India. There are also concerns that crypto will disrupt the monetary policy, he added. Rao also said that Indias case for issuing a central bank digital currency may not be strong as there are capital controls..

technology 2021-12-09 Inshorts