shaktikanta das

Next Financial Crisis Will Come From Private Cryptocurrencies, Says RBI Governor Shaktikanta Das

by

RBI Governor Shaktikanta Das. (File Photo: PTI) The biggest concern with the private cryptocurrencies like Bitcoin and Ethereum is that they do not have any underlying value, says RBI governor Shaktikanta Das RBI Governor Shaktikanta Das on Wednesday said the biggest concern with the private cryptocurrencies like Bitcoin and Ethereum is that they do not … Read more

Unregulated Crypto Sector Cause for Concern? RBI Governor’s Prediction About Financial Crisis Disappoints Industry

by

Reserve Bank of India governor Shaktikanta Das said this week that allowing private cryptocurrencies to grow would lead to the next financial crisis. He also reiterated the central bank’s call for a total ban, claiming that such instruments had no underlying value and were speculative at best. “After the development of the past one year, … Read more