Next financial crisis will come from private cryptocurrencies: RBI Governor Shaktikanta Das

Reserve Bank of India governor Shaktikanta Das also added that cryptocurrencies have no underlying value and pose risks for macroeconomic and financial stability.

Next financial crisis will come from private cryptocurrencies: RBI Governor Shaktikanta Das
Shaktikanta Das warned that the next financial crisis will come from private cryptocurrencies, Image source- Reuters

India's central bank chief on Wednesday warned that the next financial crisis will come from private cryptocurrencies adding that he still holds the view that cryptocurrencies should be prohibited.

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Reserve Bank of India governor Shaktikanta Das also added that cryptocurrencies have no underlying value and pose risks for macroeconomic and financial stability.

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Reported By: Reuters
Written By: Reuters
Edited By: Reuters
Updated: Wed, Dec 21, 2022
01:48 PM IST
Mumbai, Reuters
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