Govt has no plans to introduce cryptocurrency: MoS Finance

The government is not planning to introduce a cryptocurrency that will be regulated by the Reserve Bank of India (RBI), the Minister of State for Finance, Pankaj Chaudhary, informed the Rajya Sabha on Tuesday. Cryptocurrencies are currently unregulated in India, he added. ''RBI doesn't issue cryptocurrency. Traditional paper currency is a legal tender and is issued by RBI," he clarified.