Cryptocurrencies Pose Risks to Emerging Markets, Central Bank’s Stand Remains Unchanged: RBI Governor

Cryptocurrencies Pose Risks to Emerging Markets, Central Bank’s Stand Remains Unchanged: RBI Governor

ByNews Polite

Cryptocurrencies can pose significant risks to emerging markets, the Reserve Bank of India (RBI) chief said on Thursday, cautioning that the central bank’s stand on the issue remains unchanged despite wider acceptance in other countries. “Our position, my position and the RBI’s position on this (cryptocurrencies) remains unchanged irrespective of…

Cryptocurrencies a ‘Clear Danger’, Warns RBI Governor Amid Global Crypto Uncertainty

Cryptocurrencies a ‘Clear Danger’, Warns RBI Governor Amid Global Crypto Uncertainty

ByNews Polite

Reserve Bank Governor Shaktikanta Das on Thursday described cryptocurrencies as “clear danger” and said that anything that derives value based on make believe, without any underlying, is just speculation under a sophisticated name. The government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from…