The Reserve Bank of India (RBI) Governor Shaktikanta Das believes that the number of Indian investors exposed to cryptocurrency may be “exaggerated”, as per an interaction at the Business Standard BFSI Insight Summit. He said that a bulk of investors (nearly 70 percent or more) have a portfolio of only Rs 3,000. Das was referring to claims of 10 crore Indians with investments worth Rs 6 lakh crore locked in the crypto market. “I am not sure of the numbers being claimed and it seems like there is an effort to enrol as many investors as possible,” Das informed the interviewer. The RBI Governor also said that the central bank has “serious concerns” about cryptocurrencies and the bank has conveyed these concerns to the Union government. These concerns are regarding issues of macro economics and financial stability. “We have given our…
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