The Reserve Bank of India has appealed to the country’s presidency of the G20 group of the world’s largest economies as a pulpit to call for the development of a global regulatory framework for crypto assets. In its latest financial stability report, released Dec. 29, the bank again expressed its concerns about the burgeoning crypto ecosystem and suggested parts of it could be banned.
“Leverage is a constant theme running across the crypto ecosystem, making failures rapid and losses huge and sudden.” “To address potential future financial stability risks and to protect consumers and investors, it is important to arrive at a common approach to crypto assets.”
They need to globally adopt bitcoin.
And that s how the great famine started goats all died starving , jeets were no more able to dump for 1 cent profits
One of its concernes is how to suck even more money out of it
Yeah “concerned” banks are worried about our wellbeing, that seems legit. It’s not that we can make a lot of money that we won’t borrow from them…
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why no one talkss about it. is it not legal
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