Facebook Has No Plans for Calibra or Cryptocurrency in India
- RBI has banned banks from dealing in cryptocurrencies
- Facebook looking to work with regulators to update rules
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Facebook Inc has no plans to offer its Calibra digital wallet services in its largest market, India, the social giant said, just as a top government official expressed skepticism about its newly-announced cryptocurrency Libra.
“There are no plans to offer Calibra in India,” a Facebook spokesman said in an email, effectively ruling out the rollout of its Libra cryptocurrency in the country. “As you may know, there are local restrictions within India that made a launch of Calibra not possible at this time.”