Did the Reserve Bank of India ban Bitcoin and Ethereum to support XRP? Fact Check
Claim Summary
A rumor circulated on social media claiming that the Reserve Bank of India banned the trading of Bitcoin and Ethereum to support the XRP currency.
Official Statement from the Bank
The bank denied the rumor, confirming that there is no ban or preference for any currency, and that all cryptocurrencies are treated under a unified regulatory framework.
XRP Reaction
XRP experienced a temporary price increase due to the rumor, before returning to its previous levels following the bank's clarification
