cryptoknowmics.com
In an interview with PTI on Sunday, Ashima Goyal, a member of India's Monetary Policy Committee, discussed bitcoin. The policy interest rate required to meet the inflation objective is determined by the Monetary Policy Committee (MPC).
Goyal has served on a number of government bodies, including the Prime Minister's Economic Advisory Council and the Reserve Bank of India's (RBI) monetary policy technical advisory council. In institutional and open economy macroeconomics, international finance, and governance, she has published widely.
In response to a query concerning cryptocurrencies, she stated that they should be referred to as crypto tokens rather than currencies because they are neither acceptable nor suitable as currencies. She also stated that they should be prohibited as legal cash but regulated as tokens.
The Reserve Bank of India (RBI) recently encouraged the government to outright ban cryptocurrency, claiming that a partial ban would be ineffective.
In India, there is currently no regulation dedicated to cryptocurrencies, however, the Indian government is working on it. However, a crypto bill that was scheduled for debate during parliament's winter session was not taken up. The law is currently being reworked by the government, according to reports.