Friday, 24 March, 2023

Bitcoin is clearly dangerous for financial systems, says RBI governor

<p>Shaktikant Das, governor of the RBI, reiterated his long-held position on cryptocurrencies, saying that &quot;we must be wary of the rising threats on the horizon.&quot; Cryptocurrencies clearly pose a risk. Anything that has a value-based solely on conjecture, without any foundation, is nothing more than pure supposition masked by a fancy label,&quot;. The paper states that efforts to regulate the cryptocurrency ecosystem&#39;s hazards are still being made on a worldwide level.</p>