🚨🚨🚨 Important message from RBI 🚨🚨🚨
🟥 Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central bank official said.
🟥 The Reserve Bank of India (RBI) has been critical of new-age currencies like bitcoins, saying they pose systemic risk to the financial systems.
🟥 "Crypto currencies cannot be called currencies as they don't have any underlying value," P Vasudevan, an executive director at the RBI.
🟥 Currently, bitcoins have no legal backing in India and investors have to pay a tax on the income earned by trading in them.
On other hand keep in mind
🟩 Prime Minister Narendra Modi on Tuesday said the world needs inclusive, smart, clean and transparent and green govts, while calling for global cooperation on artificial intelligence (AI) and cryptocurrency.
🟩 Modi delivered a keynote address at the World Governments Summit (WGS) in Dubai on Wednesday, covering a range of topics from India's economic progress to global challenges in technology. Emphasising the need for international collaboration, he proposed a "global protocol" to tackle emerging issues like artificial intelligence, cryptocurrency, and cybercrime.
🟩 PM Modi said, "We need to share our resources and our capabilities with the nations who need it. We need to create a global protocol to address rising challenges such as artificial intelligence (AI), cryptocurrency, and cybercrime.
🟩 so guys they want employees for western countries if u become a entrepreneur just magic online money that’s why they didn’t like that.
🟩 keep the citizens poor rule them like a king.
🟩 so please don’t sell your magic internet money.
