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The Reserve Bank of India (RBI) is keeping a close watch on transactions involving cryptocurrencies, says RBI Governor Urjit Patel to Parliamentary Panel.
The Governor of the Reserve Bank of India has said he has “no doubt” that digital currencies will play a role in India's future society. Drawing a comparison between the rise of debit and credit cards in the country, the Governor argues digital currency will help pave the way to a cashless society.
New Zealand deputy governor Grant Spencer says New Zealand's central bank, the Reserve Bank of New Zealand, is not threatened by Bitcoin, but is eventually planning to tighten regulation.
Geoff Bascand described Bitcoin as a real competitor to cash and said it might one day overtake cash as a preferred currency.
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