RBI governor Raghuram Rajan has yet again raised further questions about the stability of Bitcoin, but also said that he doesn't want to outright ignore it or say that it doesn't have a future. He said that for now RBI has only expressed its concerns about it, without determining what it intends to do, reports TechCrunch. RBI had earlier said that it does not intend to regulate virtual currencies in India, that being the case, it's not clear what the governor intends to do going forward - he doesn't want to ban it, he doesn't want to regulate it, he doesn't want to ignore it and he doesn't want people to use it because of the risks. With the latest statement he has however, answered one of the questions raised in a letter sent to the RBI earlier this year on the state of Bitcoin in India. Rajan has made it clear that he considers it to be a currency and has expressed his concerns over regulating it. “We had put out a cautionary advisory explaining some of the concerns that investors and users of Bitcoin should have, without in anyway saying anything about our future course of action. As a currency, I do worry a little bit when the underlying fluctuates tremendously,” Rajan said. He does have a point, when he talks about the volatility of Bitcoin, as its value has fluctuated a lot in the past six months. Its price shot up to $1,200 after a positive nod from US government,…
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