RBI seemingly wants to ban cryptocurrencies, but not for the reasons you might think

"Digital assets threaten the financial sovereignty of a country and make it susceptible to strategic manipulation," writes the RBI report. On Thursday, the Reserve Bank of India, or RBI, the country's central bank, published a critical bulletin regarding the cryptocurrency industry. While the report praised the innovative distributed ledger technology associated with digital currencies, the RBI dismissed arguments calling for regulation of such assets and called for an outright ban. RBI's core concerns were related to cryptocurrencies threatening the country's financial sovereignty. The RBI wrote: 

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