Friday, 24 March, 2023

RBI Governor sees cryptocurrency as a threat to financial stability

<p>Private cryptocurrencies, as per RBI Governor Shaktikanta Das, are a danger to economic, financial stability and undermine the central bank&#39;s ability to deal with issues on both fronts. The comments on institutional concerns about such assets take on added weight because they come just days after the Union Budget imposed a 30% tax on gains. The Governor feels that it is his duty to caution investors, and tell them to keep in mind that they are investing at their own risk.<br /> &nbsp;</p>