Why India’s central bank has no faith in cryptocurrencies ...Middle East

While Bitcoin is scaling new heights and is embraced by heavyweights like Elon Musk, India’s central bank doesn’t seem to have faith in cryptocurrencies.In an interview with business news channel CNBC TV-18 last week (Feb. 24), Reserve Bank of India (RBI) governor Shaktikanta Das said that the central bank has “certain major concerns about cryptocurrency” and its impact on financial stability. Das also said that he had conveyed his concerns to the Indian government, which is scheduled to table a bill in the parliament banning private digital currencies.This statement of concern by Das can have huge ramifications for the crypto space in India. Just a year ago, Indian cryptocurrency exchanges

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