'Serious concerns' on financial stability of cryptocurrency, says RBI Governor
By MYBRANDBOOK
Shaktikanta Das, Reserve Bank of India Governor said the central bank has "serious concerns" with regards to the financial stability of cryptocurrencies. He said, we have serious concerns on cryptocurrency with respect to financial stability, and have conveyed the same to the government of India. The central bank has conveyed the concerns on cryptocurrency to the government and it is up to the government to take a call on the matter, Das said, adding that there needs to be more clarity on the contribution of cryptocurrency to the economy. Das’ latest comments are significant as the Government is in the advanced stages of finalising a national regulation on private cryptocurrencies.
Attending an event on September 8, the RBI Chief said, "We have serious, major concerns on cryptocurrency w.r.t financial stability, and have conveyed the same to the government of India."
The central bank has conveyed the concerns on cryptocurrency to the government and it is up to the government to take a call on the matter, Das said, adding that there needs to be more clarity on the contribution of cryptocurrency to the economy. On June 4, too, Das had repeated the critical stance on cryptocurrencies.
On August 16, Finance Minister Nirmala Sitharaman had said that the Union Cabinet was soon expected to take up a bill to regulate cryptocurrency and its growing market in India.
BREAKING NEWS
TECHNO TRENDS
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
E-Magazine
TECHNOTAINMENT
Airtel Xstream Play strengthens regional content library, part
Bharti Airtel (“Airtel”), one of India’s leading telecommunications
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
MOVERS & SHAKERS
Clover Infotech appointed Subham Banerjee as CDO
Clover Infotech has announced the appointment of Subham Banerjee as its Ch
Saviynt ropes in Sanjeevi Kumar as new Sales Director in India
The cloud-native identity and governance platform solutions provider Saviy
OPEN YOUR EYES
INTERVIEWS
Fortinet leading the charge towards networking and security co
Fortinet offers a wide range of technologies, including next-generation fir
InstaSafe’s growth has always been determined by its custome
With the epidemic, India became a major global market, and in the years 202
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
DIGISOL SYSTEMS LTD.
LAVA INTERNATIONAL LTD.
DELL TECHNOLOGIES INDIA PVT. LTD.
FIRE BOLTT
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : PRATIVA MOHAPATRA
Prativa is a transformational leader with an incredible breadth of exp...
Icons Of India : Anil Kumar Lahoti
Anil Kumar Lahoti, Chairman, Telecom Regulatory Authority of India (TR...
Icons Of India : NATARAJAN CHANDRASEKARAN
Natarajan Chandrasekaran (Chandra) is the Chairman of Tata Sons, the h...
PARTNER SPEAKERS
PSU
GSTN - Goods and Services Tax Network
GSTN provides shared IT infrastructure and service to both central and...
IFFCO - Indian Farmers Fertiliser Cooperative
IFFCO operates as a cooperative society owned and controlled by its fa...
BSE - Bombay Stock Exchange
The Bombay Stock Exchange (BSE) is one of India’s largest and oldest...
VIDEOS
Top 25 Brands
Value-Added Distribution
Indian Tech Talent Excelling The Tech World - Soni Jiandani, Co-Founder- Pensando Systems
Soni Jiandani, Co-Founder of Pensando Systems, is a tech visionary ren...
Indian Tech Talent Excelling The Tech World - Anirudh Devgan , President, Cadence Design
Anirudh Devgan, the Global President and CEO of Cadence Design Systems...
Indian Tech Talent Excelling The Tech World - JAYASHREE ULLAL, President and CEO - Arista Network
Jayshree V. Ullal is a British-American billionaire businesswoman, ser...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
