India's Central Bank RBI Still Has 'Serious Concerns' About Cryptocurrency.
12 Sep 2021, 08:00
India’s Central Bank RBI Still Has ‘Serious Concerns’ About Cryptocurrency
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, has once again expressed concerns regarding the impact of cryptocurrencies on India’s financial stability.
Crypto Presents ‘Serious Concerns’ to RBIThe Indian government is currently awaiting the Cabinet to take up the crypto bill. However, the country’s central bank, the Reserve Bank of India (RBI), still has major concerns about cryptocurrencies. Governor Shaktikanta Das reportedly said Wednesday:
We have serious, major concerns on cryptocurrency with respect to financial stability, [and] have conveyed the same to government of India.