RBI Chief Shaktikanta Das Again Voices 'Major Concerns' About Cryptocurrencies

RBI Governor Shaktikanta Das has once again raised "major concerns" about cryptocurrencies.

RBI Governor Shaktikanta Das has once again raised "major concerns" about cryptocurrencies. Speaking at a media event on Thursday, the Reserve Bank of India (RBI) chief said the central bank has conveyed its "serious and major concerns" about cryptocurrencies to the government. He also mentioned that the government will now have to decide on how to deal with the proliferation of such platforms. RBI Governor Das said that we need "credible answers" on contribution of private cryptocurrencies to the Indian economy going forward.  This is not the first time that the RBI chief has warned the Centre on the cryptocurrency front. Earlier in February this year, Das flagged potential risks to the financial stability. Mr Das stated that he had communicated his concerns to the government, which has largely opposed trading in private cryptocurrencies in recent years.