RBI Governor Das warns of cryptocurrency risks to financial stability and calls for international regulatory consensus.

Shantikanta Das, Governor of the Reserve Bank of India, warned that cryptocurrencies pose significant risks to financial and monetary stability, potentially undermining central bank control over the money supply. Speaking at the Peterson Institute, he stressed the need for international regulatory consensus due to the cross-border nature of crypto transactions. Under India's G20 presidency, efforts are underway to establish a global approach to address these challenges.

October 26, 2024
9 Articles