RBI, India's central bank, says cryptocurrency “is a big threat to our macroeconomic stability and financial stability.” crypto bitcoin $BTC
RBI: Cryptocurrency Is a Big Threat to Macroeconomic and Financial Stability in India
Referring to any crypto not backed by the central bank as “private cryptocurrency,” Governor Das was quoted by local media as saying: He explained that any cryptocurrencies with currency-like property will undermine the RBI’s ability to deal with financial and macroeconomic stability issues. Investors in cryptocurrency should keep in mind that they are investing at their own risk. They should also keep in mind that the cryptocurrency has no underlying, not even a tulip.
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