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In addition, 63% of firms actively working with digital worlds announced the full implementation of this technology within a year

The regulator believes that financial institutions may lose deposits and will be forced to reduce lending

According to Shaktikanta Das, they carry huge internal risks to macroeconomic and financial stability

The tests will begin in four cities across the country and later expand to other regions

With the help of the new development, citizens will be able to file complaints about the misconduct of law enforcement officers

The regulator noted that the digital currency could be used for both retail and wholesale payments

The platform representatives are working on recovering the account

Representatives of the platform reported on cooperation with the agency

Ashish Singhal said that the investigative measures are not related to a possible violation of the anti-money laundering law

According to analysts, the rapid spread of digital assets was fueled by the bitcoin rally in 2021

The local regulator suggests that the platforms assisted third-party companies in converting criminal proceeds into digital assets

The local regulator is investigating money laundering at a number of non-banking financial institutions and fintech companies