RBI Governor Asserts Caution On Crypto, Says "It's A Threat To Financial Stability"
NDTV
Reserve Bank of India (RBI) Governor Shaktikanta Das has once again voiced serious concerns against private cryptocurrencies.
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das has once again voiced serious concerns against private cryptocurrencies. "Cryptocurrency is privately created and it is a threat to financial stability," Mr Das said in a post monetary policy press conference on Thursday.
It will undermine RBI's ability to deal with issues, the Governor added.
Mr Das has time and again flagged issues about the functioning of cryptocurrencies.
Though, Mr Das stated that RBI's Digital Rupee will be launched in the year 2022-23 but didn't give a timeline for its release. "There will be no difference between a Digital Rupee and the normal rupee," the Governor said.
