The Central Bank of India has been displaying strong hostility towards crypto for a long time now. Ever since cryptocurrency has gained popularity in a nation that inhabits 17.7% of the world’s population, the Reserve Bank of India (RBI) has been eyeing ways to regulate the sector.
The RBI governor, Shaktikanta Das, has again expressed severe concerns about regulating the industry. This has kept crypto investors and enthusiasts on their guard as the annual budget date draws closer. The Central Bank of India has now issued a stern warning against the use of Bitcoin and other virtual currencies.
The situation was aggravated further owing to the crash of FTX. Governor Shaktikanta Das has time and again called crypto an ‘unstable instrument,’ which is ‘nothing but gambling’ as private digital assets hold no intrinsic value whatsoever.
At the Business Today Banking and Economy Summit, Governor Shaktikanta Das argued that private digital assets should be banned as it holds a ‘mak
We współpracy z: https://bitcoinist.com/indias-draconian-crypto-aiming-for-blanket-ban/
