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Do not ignore Shaktikanta Das’ repeated warnings on crypto - here is why
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Everyone listens to the Reserve Bank of India (RBI) governor—banks, investors and also the government. That’s because the RBI governor is the face of the Central bank and his comments are reflective of its larger thought process. In this context, the current governor Shaktikanta Das’ recent comments, rather warnings, on cryptocurrencies warrant a closer look. At a conference on Tuesday, Das, once again spoke on the issue.
The former finance secretary repeated that the Central bank has serious concerns as “far deeper” issues are involved in cryptocurrency. “When the Central bank says we have serious concerns after due internal deliberations, there are far deeper issues involved,” said Das at the SBI Banking and Economics Conclave on November
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