RBI governor say Crypto responsible for next Financial Crisis – Katoch Tubes

rbi Governor against  crypto adoption

About RBI

The Reserve Bank of India is the central bank of the nation that issues Indian Rupee and also behind the launch of CBDC

RBI banned crypto

RBI banned crypto in 2018. The ban was overturned by supreme court in 2020 after appeal from crypto community.

Why RBI against Crypto?

RBI do not consider crypto as a form of currency since it isn't issued by any central bank.

Statement from Governor

RBI Governor Shaktikanta Das in a statement said private cryptocurrencies will cause the next financial crisis and it should be banned.

Risk with Cryptocurrency

RBI has a strong stand against cryptocurrencies. Acc. to it, crypto will disrupt the economy and also result in money laundering.

Statement from FM

Finance Minister of India while addressing the Lok Sabha stated that RBI wants to ban crypto but need global support from the nations.

RBI CBDC rollout

Swipe up and learn about CBDC, new currency introduced by RBI

Learn more

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