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The central bank of India reported that it was not planning to launch a special blockchain research unit.

In a response to Coin Crunch India, Reserve Bank of India denied the development and creation of a unit devoted to blockchain and Artificial Intelligence researches. Earlier this month this news was reported by many online media without the official announcement from the central bank of India.

Bank representative wrote that there is no new unit created formally in RBI for the purpose (Blockchain, Crypto and AI) mentioned in RTI query.

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