Top 5 Crypto News – RBI Establishes A Department To Supervise Cryptocurrency Exchanges
Read Full News Here: https://bit.ly/3GiEhfxRBI Establishes A Department To Supervise Cryptocurrency Exchanges & Develop CBDCsAccording to a Coindesk story, the Reserve Bank of India (RBI), the central body controlling banking in India, has established a special fintech department to supervise draught laws for Bitcoin and its planned central bank digital currency (CBDC).According to the article, the bank is working on two types of CBDCs: wholesale and retail; and the new department will be in charge of managing their growth. Ajay Kumar Choudhary, the current chief general manager of the RBI, will be in the department’s order.