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Crypto currencies cannot be referred to as “currencies” as they have no underlying value, a central bank official said. The Reserve Bank of India (RBI) has been critical of new-age currencies like bitcoins, saying they pose systemic risk to the financial systems. Ultimately it is a call that the government has to take on how to tackle crypto currencies, the official said.

By smith steave

I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years.