Reserve Bank of India (RBI) governor Shaktikanta Das said this week the central bank has ‘no change’ with regards to its approach towards the crypto sector, local outlet Business Standard reported today.
Crypto surprise
Das stated he was “surprised” with local banks citing a (void) circular from 2018 for denying services to crypto businesses and users. The circular was put aside by the Supreme Court, the country’s highest legal authority, in mid-2020.
However, not all is well. Das said the bank continued to have major concerns about the way cryptocurrencies are included as part of the broader financial system.
“There is no change in RBI’s stance on cryptocurrencies. We have major concerns regarding cryptocurrencies and this has been conveyed to the government. Each investor should take careful and prudent calls on their investments,” said Das.
He added to RBI’s earlier comments from earlier this week. “Such references to the above circular by banks, regulated entiti
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