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.
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