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23.11 - 19:47
Shaktikanta Das sounds an alarm on cryptos
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economictimes.indiatimes.comReserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. Das also reiterated his concerns over cryptos and added that the regulator's recommendations were being actively looked at by the government.
«In terms of the amount that has been invested, it's definitely growing and anecdotally we hear so many things,» Das said while speaking to a financial publication. «But I am not so sure about the numbers that are being quoted.
Because, whatever information we have, with a reasonable amount of confidence I can say that the number of participants in the crypto market seems exaggerated.» Bulk of the investors, or about 70% or even more, have invested about ₹1,000- ₹3,000. Perhaps there is an effort to enrol as many people as
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