He added that the central bank believes that its warnings have deterred many people from investing in cryptocurrencies.The governor of the Indian central bank, the Reserve Bank of India , Shaktikanta Das, warned about investing in cryptocurrency in an interview with ET Now earlier this week.
Noting that the RBI has cautioned investors on several occasions about the risks of investing in crypto, Das said: “I’m happy that we sounded those warning signals and I would like to believe that a large number of people would have taken a note of the warning signals and the concerns expressed by the Reserve Bank.” He added:
I would like to believe … that many people did not invest in crypto or sort of pulled out of crypto thanks to the cautions and concerns that emanated out of the Reserve Bank. “Crypto, you know, we have said it earlier, it can create a lot of financial instability in terms of the ability of the central bank to determine monetary policy,” the RBI governor continued. “It will also have an adverse impact on our exchange rate, on capital flows, on banking sector stability.”
Furthermore, Das cautioned that cryptocurrency has the “potential for being used as a tool for money laundering and for illicit transfer of money.” He also reiterated his earlier statement: “In fact, I said at one point that it doesn’t have any underlying, not even a tulip.
Dont care what this old fart says...
Nice
There are no reasons for crypto to crash. The dude just wants to create more FUD around it.
Good thing he warned them after the 80% crash.
He is not capable of handling the situation that's why behaving like 😂
Indian economy and rupee also falling even banks are not taking guarantee more than 5 lacs rupees for depositors,
Be sure that Bitcoin will break the fiat and central banks. We don’t need more third party to control our assets and tale high fees. Bitcoin is freedom
Why he don't say the same about stock markets and usd?
Bakchod shaktikant
soham8991 Want to earn $5000 in bitcoin and the new iPhone 14 pro max, send me a DM now.
There are always risks in crypto. All the market will not crash maybe some coins, yes.
Sir aapko kya problem hai .aap aise bayan deke aisa sach me hi karwa dete ho please crypto k baare me galat na bole
Well, no surprises here.
Respected RBI governor sir, indian Banks have rekt small retail investors by donating their hard earned money to fraudsters like Mallya and Nirav Modi. Could you please comment on how small investors crushed by Banks as well🙂
NoNoNo，言之尚早
Fud
Or wait years for 0.0000001℅ bank interest.
Sala kameena
Look At LIC IPO
Share Market Also Crash
Indian national stock exchange scam chitra ramkrishna CEO of national stock exchange did biggest share market scam in history . Must watch this.Bitcoin. Com.. And give news to whole world how does CEO of NSE are gambling share market investor of india.
Hah, we heard this news every day 🤪
Please stop government to take tax from us when RBI needs to interrupt everytime again and again 🙏🙏
Bsdk.
Already at lost 😄😄
Howw come everyonee is silent on this.
Really? Its a freaking bear market jag off!! It always crashes. Idiots!!!
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lol im warning the stock market may crash and small investors will lose money F me as if crypto is the only place you could lose money. These ppl.... gees louise!
what a late warning, where has he been?
FUD
🤣
Is he a god? 🤔🤯 foff!
thanks for warning the thing that have already happened
And if it doesn't?