“We have been cautioning against crypto and look at what has happened to the crypto market now,” said RBI. crypto cryptocurrency
India’s central bank, the Reserve Bank of India , has warned about investing in the crypto market following the collapse of cryptocurrency terra and stablecoin terrausd . “We have been cautioning against crypto and look at what has happened to the crypto market now,” said Governor Shaktikanta Das.The governor of the Reserve Bank of India , Shaktikanta Das, discussed the crypto market downturn and the regulation of crypto assets in an interview with CNBC TV18 Monday.
Had we been regulating it already, then people would have raised questions about what happened to regulations. There are big questions on how do you regulate it. Our position remains very clear, it will seriously undermine the monetary, financial and macroeconomic stability of India.The governor believes that the Indian government shares the central bank’s stance on crypto. “We have conveyed our position to the government and they will take a considered call,” the central bank chief noted. “I think the utterances and statements coming out from the government are more or less in sync.
that Coinbase India disabled payments by the Unified Payments Interface days after launch due to “informal pressure” from the RBI.
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