Central Bank of India Governor “Cryptocurrency, high risk”… Banned legislation


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President, Shaktikanta Das, Central Bank of India (RBI)

[Blockchain Today Reporter Jeong Seung-won] While the Indian government has declared a ban on the use of cryptocurrencies other than digital rupees (indian currency units), the head of the Central Bank of India (RBI) Shaktikanta Das said that cryptocurrency is in financial safety. They expressed their opinion that it could have a negative impact.

According to CoinDesk on the 24th (local time), the governor of Shakhtikanta Darth said in an interview with CNBC-TV18, “It is true that there is an advantage when using a blockchain, but we are very worried about the possibility that the financial stability may be impaired by cryptocurrency.” Conveyed the meaning.

“The government is currently considering these issues, and we expect the government as well as the Indian Parliament to take further action if necessary,” said Das.

In January, the Indian Parliament mentioned the’official digital currency bill of 2021′ during a discussion on the national budget. The bill mentioned underscores the need for a structure to promote the use of digital rupees, the digital currency to be issued by the Central Bank of India RBI.

In response, Balaji Srinivasan, former Chief Technology Officer (CTO) of Coinbase, warned that “India’s ban on bitcoin and cryptocurrency is the same as’Financial Internet Ban’.”

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