Indian Central Bank Chief Insists Crypto Should Be Banned — Warns 'It Will Undermine Authority of RBI'
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Loading... - Brinda Varma
- 17 Jan 2023
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India’s central bank has reiterated its stance on banning cryptocurrencies like bitcoin and ether.
India’s central bank has reiterated its stance on banning cryptocurrencies like bitcoin and ether. The governor of the Reserve Bank of India (RBI) likened cryptocurrency trading to gambling. He warned that crypto “will undermine the authority of the RBI and lead to the dollarization of the economy.”
RBI’s Governor Wants Crypto Banned
The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, emphasized the bank’s stance on crypto at the Business Today Banking and Economy Summit Friday.
Das stressed that the central bank’s view is to completely ban cryptocurrencies like bitcoin and ether, India Today reported, quoting him as saying: “RBI’s position on crypto is very clear — it should be banned.” Read More…
