The governor of the Reserve Bank of India (RBI), Shaktikanta Das, did not mince his words when discussing the crypto sector at a recent conference, asserting that “private” crypto will be behind the next financial crisis.
They have huge inherent risks for our macroeconomic and financial stability.
I am yet to hear any credible argument about what public good or what public purpose it serves,” he said.
Das, of course, spoke in much more favorable terms of central bank digital currencies, emphasizing that the RBI is actively pushing to get its digital rupee off the ground.
The RBI has historically had a frosty view on crypto and questioned its value on several occasions.
Source: Cointelegraph
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