Tech behind bitcoin can assistance check counterfeiting: RBI

Mayur Shetty | TNN | Dec 26, 2015, 06.22 AM IST

The executive bank is endangered as some companies in a energy zone are stranded in litigation.The executive bank is endangered as some companies in a energy zone are stranded in litigation.

MUMBAI: Exactly dual years after it released a counsel opposite use of practical banking bitcoin, a Reserve Bank of India has come around to conclude a strengths of a underlying ‘blockchain’ technology. Blockchain is a digital height that annals all bitcoin exchange in a approach that can't be altered.

In Dec 2013, a RBI had cautioned users, holders and traders of practical currencies (VCs), including bitcoins, about a intensity financial, operational, legal, patron insurance and security-related risks that they are exposing themselves to. This week, in a news on financial stability, a RBI pronounced that even as opinion diverged on a practical banking itself, a pivotal technical judgment of ‘blockchain’ that underpins such cryptocurrency systems is sketch some-more courtesy now.

“With a intensity to quarrel counterfeiting, a ‘blockchain’ is expected to bring



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