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Shaktikanta Das

India’s Central Bank Chief: Cryptocurrencies Will Cause Next Financial Crisis if They’re Not Banned

India’s Central Bank Chief: Cryptocurrencies Will Cause Next Financial Crisis if They’re Not BannedThe governor of India’s central bank, the Reserve Bank of India (RBI), has warned that the next financial crisis will come from cryptocurrencies, like bitcoin and ether. The central bank chief added that cryptocurrencies pose “huge inherent risks” to India’s macroeconomic and financial stability. Indian Central Bank Warns About Crypto Causing the Next Financial Crisis […]

EY launches new blockchain solution to manage business contracts on Ethereum

Reserve Bank of India Is Working on ‘Phased Implementation’ of Central Bank Digital Currency

Reserve Bank of India Is Working on ‘Phased Implementation’ of Central Bank Digital CurrencyIndia’s central bank, the Reserve Bank of India (RBI), is working on a “phased implementation of a central bank digital currency (CBDC) in both wholesale and retail segments.” Necessary amendments have been made to the RBI Act, 1934 to allow the central bank to pilot and issue a digital currency. India’s Central Bank Digital Currency […]

EY launches new blockchain solution to manage business contracts on Ethereum

Indian Government’s Chief Economic Adviser Warns of Danger in Crypto, Defi Without Regulation

Indian Government’s Chief Economic Adviser Warns of Danger in Crypto, Defi Without RegulationThe Indian government’s chief economic adviser has warned about innovations like crypto and decentralized finance (defi) in the absence of regulation. “We may not be fully aware or comprehend the kind of forces we are unleashing ourselves,” he opined. Indian Government’s Chief Economic Adviser Skeptical of Crypto, Defi, Decentralization The Indian government’s chief economic adviser […]

EY launches new blockchain solution to manage business contracts on Ethereum

India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, UST

India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, USTIndia’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have been cautioning against crypto and look at what has happened to the crypto market now,” said Governor Shaktikanta Das. RBI’s Governor on Crypto Market and […]

EY launches new blockchain solution to manage business contracts on Ethereum

RBI Deputy Governor: Banning Crypto Is ‘Most Advisable’ for India, Regulation Is ‘Futile’

RBI Deputy Governor: Banning Crypto Is ‘Most Advisable’ for India, Regulation Is ‘Futile’A deputy governor of India’s central bank, the Reserve Bank of India (RBI), likens cryptocurrencies to Ponzi schemes, emphasizing that they cannot be regulated. “It would be futile to regulate cryptocurrencies,” he claims, stating that they should be banned. RBI’s Deputy Governor Sees Crypto Ban as ‘the Most Advisable Choice Open to India’ A deputy […]

EY launches new blockchain solution to manage business contracts on Ethereum

RBI: Cryptocurrency Is a Big Threat to Macroeconomic and Financial Stability in India

RBI: Cryptocurrency Is a Big Threat to Macroeconomic and Financial Stability in IndiaThe governor of India’s central bank, the Reserve Bank of India (RBI), has reiterated his concerns that cryptocurrency is a “big threat” to the country’s financial and macroeconomic stability. He also warned investors of the risks of investing in crypto, stating this type of investment has no underlying value. RBI’s Multiple Concerns About Crypto Reserve […]

EY launches new blockchain solution to manage business contracts on Ethereum

India’s Central Bank RBI Still Has ‘Major Concerns’ About Crypto After Saying Ban No Longer Valid

India’s Central Bank RBI Still Has ‘Major Concerns’ About Crypto After Saying Ban No Longer ValidThe governor of the Reserve Bank of India (RBI), Shaktikanta Das, has clarified the central bank’s position regarding cryptocurrency. His statements followed a notice published by the RBI telling banks that its crypto banking restriction is no longer valid and cannot be cited. RBI Still Has Major Concerns About Crypto RBI Governor Shaktikanta Das clarified […]

EY launches new blockchain solution to manage business contracts on Ethereum