Cryptocurrencies
01 Jul
Das (RBI): "Cryptocurrencies are a clear danger, their value is based on fantasy"
Reserve Bank of India´s (RBI) Governor Shaktikanta Das stated that cryptocurrencies are a "clear danger" and that anything that gains value based on fantasy, without anything underlying, is nothing more than speculation under a fancy name. He added that as the financial system becomes increasingly digitized, cyber risks are increasing and require special attention.