RBI: Economy strong, but global factors may affect, RBI chief again expressed concern over crypto

Posted on 21st Dec 2022 03:33 pm by rohit kumar

The Governor of the Reserve Bank of India has once again made an important comment on the country's economy. He has said that India's underlying economic activity remains strong, and is likely to remain strong in the times to come. However, the RBI governor has also said that external factors in the country can cause some damage to the economy. These include geopolitical tensions and fears of a global recession.

 

 

India's central bank chief warned on Wednesday that the next financial crisis will come from private-sector cryptocurrencies, and he still believes cryptocurrencies should be banned. Reserve Bank of India Governor Shaktikanta Das also said that cryptocurrencies have no inherent value and pose a risk to macroeconomic and financial stability.

 

 

Addressing the BFSI summit, the RBI governor said that cryptocurrencies are extremely dangerous for financial stability. The RBI governor has already said that this can pose a serious threat to the country's macroeconomic and financial stability.

 

Also Read: Dynamic Bond Fund: Debt Fund - Evergreen investment option, has given an annual return of 9.3% in the last 10 years

Other news

Diljit Dosanjh- PM Modi: Diljit Dosanjh met PM Modi on New Year, video of the meeting went viral

Famous Punjabi singer and actor Diljit Dosanjh met Prime Minister Narendra Modi in New Delhi on W

Canada: 'Khalistan ideology was allowed to flourish', Indian-Canadian community spoke about the current situation in Canada

Tension is increasing between India and Canada over the killing of Khalistani terrorist Hardeep S

'America will not do any business with China, Ramaswamy said - If he becomes President, he will end the FBI and Education Department

Vivek Ramaswamy, the Republican presidential candidate in America, has said today that America is

Corona is spreading havoc again: More than seven thousand active cases in the country, Kerala is at the forefront; the Health department is on alert.

The number of active cases of corona in the country has reached more than 7 thousand. 33 cases we

Rahul broke security rules 113 times since 2020: CRPF told Home Ministry; Congress had complained about the lapse in security

The Central Reserve Police Force (CRPF) has submitted its reply to the Ministry of Home Affairs i

Japan's Prime Minister Kishida suddenly left for Ukraine from India, met PM Modi in Delhi

Japanese Prime Minister Fumio Kishida arrived in New Delhi on 20 March on a two-day visit to Indi

Israel-Hamas War: Israel bent on destroying Gaza, 90 Palestinians killed in rocket attack; Death toll reaches 19 thousand

The Israeli army has intensified attacks on the Gaza Strip. Israeli forces on Sunday targeted a r

Akhilesh Yadav's MLA praised Aurangzeb, now he is in trouble; FIR registered.

Samajwadi Party MLA Abu Azmi in Maharashtra has given a controversial statement, after which he s

Who is Gukesh: Gukesh is India's youngest Grandmaster and has also defeated Carlsen, just a few steps away from the world title.

17-year-old D Gukesh from Chennai had participated in the prestigious Candidates Tournament 

JPC's first meeting on amendment in Waqf Act today, officials of Ministry of Minority Affairs will give presentation

Waqf Amendment Bill: The first meeting of the Joint Parliamentary Committee (JPC) constituted on