RBI Deputy Governor Call To 'Ban Crypto' Disappoints Digital Currency Investors? | Crypto News
February 15, 2022
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2:52Now PlayingRBI Deputy Governor Call To 'Ban Crypto' Disappoints Digital Currency Investors? | Crypto News
YouTube Description
as posted by the channelAs per breaking inputs coming in on Mirror Now, the Reserve Bank of India's Deputy Governor, comparing cryptos to Ponzi schemes has stated that banning cryptos is perhaps the most advisable choice that is open to India. He believes that crypto is a threat to financial stability and that people are investing in cryptocurrency at their own risk. The Dy Governor has stated that 'they have examined the arguments put forward by those advocating that cryptos should be regulated, but there are strong reasons to keep them away from the formal financial system.' He further goes on to say that 'cryptos have no underlying value, and that 'crypto developed to bypass the regulated financial system.'
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