India’s central bank governor Shaktikanta Das has revealed that the bank has “major concerns” about cryptocurrencies, and it has informed the government of them. He expects that the government will soon make a decision on cryptocurrency. Meanwhile, the Reserve Bank of India (RBI) is giving its full attention to the digital rupee.

RBI Has Major Concerns About Cryptocurrencies

The governor of India’s central bank expressed concerns over the possible impact made by cryptocurrencies on the country’s financial stability and the economy Wednesday. In an interview with CNBC-TV18, RBI Governor Shaktikanta Das shared:

We have certain major concerns about cryptocurrencies. We have communicated them to the government. It is under consideration in the government.

He elaborated: “On crypto, we have major concerns from the financial stability angle and we have shared it with the government.”

The governor further clarified: “I do expect and…

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Source: https://news.bitcoin.com/indian-central-bank-government-major-crypto-concerns-digital-rupee/