Comments
For the second time in a week, RBI Governor Shaktikanta Das on Tuesday expressed concern over cryptocurrencies, saying there are “far deeper issues” involved in virtual currencies that could pose a threat to the country’s economic and financial stability.
The statement comes within days of the Prime Minister holding a meeting o the cryptocurrencies amid worries over misleading claims of huge returns from cryptocurrency investments.
“When the RBI, after internal deliberation, says there are serious concerns on macro economic and financial stability, there are deeper issues, which need much deeper discussions and much more well informed discussions,” he noted.
He doubted the crypto trading numbers and said investors are being lured by offer of credit.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.