RBI Says About Crypto trading ‘Crypto trading has deep problems!’ Why is the RBI governor warning? , Why RBI Governor Shakti Kantha Das Warned About Cryptocurrency Transactions–
RBI Says About Crypto trading
Reserve Bank Governor Shaktikanta Das had earlier remarked that investors should be cautious in crypto trading. Speaking after a cryptocurrency consultation meeting chaired by Prime Minister Modi, he said, “There are deep problems in the cryptocurrency trade.
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Latest news on cryptocurrency in india– The Reserve Bank has said this after a good thought. It is posing a threat to the economy and financial stability of the country.” More detailed consultation should be done in this regard.
We have heard that loans are given to investors to open accounts in cryptocurrencies. There are some other incentives to impress them. Therefore cryptocurrency investors should be handled with extreme caution.
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Furthermore, cryptocurrency cannot be used as a currency unless it can be used as an asset by investors.”
-Shaktikanta Das – RBI
The government will closely monitor
“The government is aware that cryptocurrencies are a growing technology. The government will closely monitor this and act accordingly. The consensus is that the steps taken by the government in this area will be progressive and forward-looking.”
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The legal plans related to cryptocurrency are expected
The central government is clear that it should not mislead young people into investing in cryptocurrencies. That is why it is carefully monitoring the development and operation of the cryptocurrency without any restrictions or full support. The legal plans related to cryptocurrency are expected to be implemented soon.