RTI reveals RBI did not do enough research before banning cryptocurrencies

In today’s cryptocurrency news roundup, we look at shocking information coming out of the RTI filed by Blockchain lawyer Varun Sethi to seek information about RBI’s stand on cryptocurrencies. In its responses, RBI has clearly indicated that it did not do set up a team to understand the nature, working or usage of cryptocurrencies. RBI did not even consult central banks from other countries or other governments worldwide before taking its own stand. It is utterly disappointing to see RBI banning cryptocurrency without adequate research or consultation. We do hope RBI reverses its ad-hoc decision soon. In other news, Koinex has listed Status Network on its platform. SNT cryptocurrency will become the 28th cryptocurrency project trading on Koinex. Status cryptocurrency was trading at around $0.07 (Rs 5.70) at the time of recording this video. Lastly, we look at Binance which has announced fiat-crypto trading on its platform, starting with the Euro. Binance will start with Euro, and also add other fiat-crypto trading pairs soon.

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