In a steadfast stance against the rising global wave of cryptocurrency acceptance, Shaktikanta Das, the Reserve Bank of India (RBI) Governor, reiterated the central bank’s caution on crypto risks. Despite recent developments like the U.S. approving bitcoin ETFs, Das emphasized the potential hazards for both emerging and advanced economies, underscoring the difficulty of containment in the future. This comes as a reminder that India remains wary of the crypto craze, believing that these digital assets lack underlying value and pose threats to economic stability.
Indian Central Bank’s Crypto Stance Unchanged Despite Global Trends
RBI Governor Shaktikanta Das made it clear that the RBI’s position on cryptocurrencies remains unaltered, irrespective of international developments. Regarding the U.S. greenlighting Bitcoin ETFs, Das asserted while speaking at the Mint BFSI Summit, “Our position, my position, and the RBI’s position on this (cryptocurrencies) remains unchanged irrespec
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