Bitcoins, other cryptocurrencies to continue facing regulatory hurdles: Moody's
In a report on fintech and banks of the future, it said cryptocurrencies, such as Bitcoin, threaten payments providers who charge a commission of up to 7.2 per cent but the price volatilities and regulatory clampdown is an impediment
The RBI has insulated the financial system from touching any cryptocurrency-related transaction, but affirmed its commitment to the blockchain technology and also sounded open to the possibility of launching a fiat cryptocurrency. Image source: PTI