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Private cryptocurrency will trigger the “next financial crisis”, says Indian central bank’s governor
Shaktikanta Das frowns on cryptocurrencies again, saying they should be "prohibited", while claiming that CBDC will be the norm in the future
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Shaktikanta Das frowns on cryptocurrencies again, saying they should be "prohibited", while claiming that CBDC will be the norm in the future
Shaktikanta Das, Governor of India's central bank, spoke on concentration of user data with Big Tech and new launches by RBI
India's Finance Minister Nirmala Sitharaman answered in Lok Sabha that the RBI wants a ban on cryptocurrency, but international consensus is required first
The RBI has termed cryptocurrencies as a speculative asset and warned that they pose a danger to India in the long run
He also revealed that the RBI is working out the chinks in its CBDC project, but stopped short of providing a timeline.
India's central bank has two types of CBDCs in the works, and the government is preparing a legal framework for them.
Update 11:57 am: Viral Acharya confirmed his departure from the RBI six months before his term ends ‘due to unavoidable personal reasons’, in an email...
