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Bitcoin Forum > Local > India > Press & News from India > [2015-08-20] NDTV: Closely Monitoring Crowdfunding, Crypto-Currencies: Rajan
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polynesia (OP)
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August 22, 2015, 05:24:42 AM
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Closely Monitoring Crowdfunding Space, Crypto-Currencies: Rajan

http://profit.ndtv.com/news/banking-finance/article-closely-monitoring-crowdfunding-space-cryptocurrencies-rajan-1209234

The RBI Governor also said that although the central bank has not intervened in the crypto-currencies, it has been watching them carefully.

"I would like to say that our philosophy is if it is small then let it develop, let us see how it works and then take a view. That was our attitude towards crypto-currencies. It was very very small," he said.
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August 22, 2015, 11:58:59 AM
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Quote from: polynesia on August 22, 2015, 05:24:42 AM
Closely Monitoring Crowdfunding Space, Crypto-Currencies: Rajan

http://profit.ndtv.com/news/banking-finance/article-closely-monitoring-crowdfunding-space-cryptocurrencies-rajan-1209234

The RBI Governor also said that although the central bank has not intervened in the crypto-currencies, it has been watching them carefully.

"I would like to say that our philosophy is if it is small then let it develop, let us see how it works and then take a view. That was our attitude towards crypto-currencies. It was very very small," he said.

Very good and sensible stand by RBI.

Regards
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August 22, 2015, 03:24:42 PM
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You guys think this is the right time to approach rbi for permission to operate a bitcoin atm?

This question is just meant for a healthy debate.
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August 22, 2015, 03:30:40 PM
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Quote from: polynesia on August 22, 2015, 05:24:42 AM
Closely Monitoring Crowdfunding Space, Crypto-Currencies: Rajan

http://profit.ndtv.com/news/banking-finance/article-closely-monitoring-crowdfunding-space-cryptocurrencies-rajan-1209234

The RBI Governor also said that although the central bank has not intervened in the crypto-currencies, it has been watching them carefully.

"I would like to say that our philosophy is if it is small then let it develop, let us see how it works and then take a view. That was our attitude towards crypto-currencies. It was very very small," he said.
Big as in how big is also a question.. Could be few tens of million usd worth transaction every day and we are quite far from it.
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August 23, 2015, 01:15:46 AM
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Quote from: buysellbitcoin on August 22, 2015, 11:58:59 AM
Very good and sensible stand by RBI.
Regards

Yes, they did come out with  a warning once.
When they do come out with a whitepaper/opinion on cryptos, I hope they call for public comments to it.
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