The governor of the Indian central bank claimed on Wednesday that the country is not at war with cryptocurrencies but that there should be a ban on their use because they lack any underlying principles.
Shaktikanta Das, governor of the RBI, warned lawmakers and banking executives in a crowded room about the significant risk that cryptocurrencies pose to the macroeconomic stability of the country. I don’t believe we need to say anything further in light of the past year’s developments, including the most recent incident involving FTX. Cryptocurrency is worth what it is currently worth, as time has shown.
