The Governor of the Reserve Bank of India has said he has “no doubt” that digital currencies will play a role in India's future society. Drawing a comparison between the rise of debit and credit cards in the country, the Governor argues digital currency will help pave the way to a cashless society.
Speaking during a wide-ranging TV interview in New Delhi, Reserve Bank Governor Raghuram Rajan made his first comments on Bitcoin and the world of digital currencies yesterday mixing both caution around the issues of price instability, and previous examples of coin theft, with optimism about the future implementation of digital currencies in society.
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