Far deeper issues with cryptocurrencies, says RBI Governor | Reserve Bank Governor Shaktikanta Das again expressed concern over cryptocurrencies

Photo: PTI

Reserve Bank Governor Shaktikanta Das again expressed concern over cryptocurrencies

Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday expressed concern over cryptocurrencies for the second time in a week, saying such virtual currencies raise many deep concerns about the country’s economic and financial stability. Das’s statement came a few days after the meeting chaired by Prime Minister Narendra Modi on cryptocurrencies. At that meeting, deep concerns were expressed about the risks associated with cryptocurrencies.

PTI-language had reported on Monday itself that the Parliament’s Standing Committee on Finance discussed various aspects of cryptocurrency with stakeholders, with several members calling for regulation rather than a complete ban on it. There is talk that the government may introduce a bill on cryptocurrencies in the upcoming winter session of Parliament.

The Reserve Bank Governor, while addressing the 8th SBI Banking and Economic Conference, said that deep-rooted issues related to cryptocurrencies require in-depth discussion. Das said, “RBI is of the opinion, after internal deliberations, that there are serious concerns over macroeconomic and financial stability and these need to be discussed in depth.” Said that an attempt is being made to woo the investors through this. Loans are also being given to open crypto accounts.

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