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Far deeper issues with cryptocurrencies, could pose threat to country's financial stability, says RBI Governor Shaktikanta Das

Far deeper issues with cryptocurrencies, could pose threat to country's financial stability, says RBI Governor Shaktikanta Das

Zee News
Wednesday, November 17, 2021 08:55:41 AM UTC

The statement comes within a few days of the Prime Minister holding a meeting on the cryptocurrencies amid worries over misleading claims of huge returns on cryptocurrency investment.

Mumbai: For the second time in a week, RBI Governor Shaktikanta Das on Tuesday expressed his concerns over cryptocurrencies, saying there are "far deeper issues" involved in virtual currencies that could pose a threat to the country's economic and financial stability.

The statement comes within a few days of the Prime Minister holding a meeting on the cryptocurrencies amid worries over misleading claims of huge returns on cryptocurrency investment.

On Monday, PTI had reported that the Parliamentary Standing Committee on Finance discussed the pros and cons of crypto finance with various stakeholders, and several members were in favour of regulating crypto currency exchanges rather than an outright ban on such currencies.

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