Beware of Cryptocurrencies! Warning sounded by RBI Governor Shaktikanta Das

Even as Bitcoin, Ethereum and memecoins like Dogecoin and Shiba Inu continue to draw global attention, and investors, in huge numbers, Reserve Bank of India (RBI) Governor Shaktikanta Das has issued another warning about cryptocurrencies today.

Das warned investors about the inherent dangers of investing in cruptocurrencies and the danger they pose the the financial system as a whole. Today, Das said that cryptocurrencies are a very serious concern from both macro economic and financial stability points of view.

The ball is in the Central government’s court and it is yet to take a decision on it.