RBI Governor expresses deep concern over cryptocurrency

BusinessRBI Governor expresses deep concern over cryptocurrency

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RBI Governor expresses deep concern over cryptocurrency

New Delhi: Reserve Bank of India Governor Shaktikanta Das on Thursday said that the central bank has flagged major concerns over cryptocurrency to the government.

Speaking at a Conclave, the Governor said that digital currency is one thing and the cryptocurrencies which are being traded in the market is something else.

The statement from the central bank governor gains significance as the government is set to come up with a Bill on cryptocurrency wherein it is likely to ban all such cryptocurrencies.

“Both RBI and government are committed to financial stability. We have flagged certain concerns around cryptocurrencies which are being traded in the market. We have flagged certain major concerns to the government, and it is still under examination in the government and government will come out with a decision or sooner than later,” he said.

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