RBI governor Shaktikanta Das says cryptocurrencies are serious threat to any financial system till they are regulated
India Today
RBI governor Shaktikanta Das has once again underlined the concerns around cryptocurrencies, calling them a threat to any financial system, at least till they are regulated.
RBI governor Shaktikanta Das has once again underlined the concerns around cryptocurrencies, calling them a threat to any financial system, at least till they are regulated. The Reserve Bank of India chief expressed his views during an event. He said that cryptocurrencies are serious threats to the macroeconomic and financial stability of the country and also doubted the number of investors trading on them as well as their claimed market value.
The comments come amid reports suggesting that the government is planning to regulate digital currencies through a bill which can be tabled during the upcoming Budget. Das has also expressed his views ahead of the RBI's internal panel report on the contentious topic which is expected next month.