Dubbing digital assets as emerging risks on the horizon, the Reserve Bank of India’s Governor Shaktikanta Das on Thursday said cryptocurrencies are a clear danger and speculation under a sophisticated name.
Why Bank Governor Is Issuing Crypto Warning: “We must be mindful of the emerging risks on the horizon. Cryptocurrencies are a clear danger. Anything that derives value based on make-believe, without any underlying, is just speculation under a sophisticated name,” the Indian central bank’s governor said in the foreword to the 25th issue of the RBI’s financial stability report.
