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RBI Governor bats for crypto ban, says it could cause serious financial instability
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economictimes.indiatimes.comShaktikanta Das drew a line between the use of technology for enhancing businesses and the speculation in anonymous cryptos which could potentially destabilise the financial systems as the legislation for the most important financial sector innovation of the century enters the last phase. «The technology (blockchain) is more than 10 years old, it did not come yesterday.
The technology will grow and can grow without cryptos,'' said Governor Das while speaking at a conclave organised by the State Bank if India. „The Reserve Bank of India as the central bank of this country which is entrusted with the responsibility of maintaining financial stability, after due internal deliberations says that there are serious concerns over macroeconomic and
. Read more on economictimes.indiatimes.comAbout this in other media
India misinterpreted private crypto ban, says crypto bill creator cointelegraph.com /3 years ago
FCA ‘can’t be responsible for everything’, City minister says, as Treasury eyes tougher action on scam investments fnlondon.com /3 years ago
BoE’s Andrew Bailey says crypto has ‘all the potential’ to threaten financial stability fnlondon.com /3 years ago
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