2021-02-24 10:45:19
The Reserve Bank of India (RBI) has “major concerns” about cryptocurrencies, Governor Shaktikanta Das said on Wednesday, flagging potential risks to financial stability.
Das said he had communicated his concerns to the government, which has largely opposed trading in private cryptocurrencies in recent years. He said the RBI’s plans to launch its own digital currency remained a “work in progress”.
“We have major concerns from the financial stability angle,” Das told news channel CNBC-TV18 in an interview, adding that the RBI was “targeting to launch” a digital currency.
“It will be very difficult and not possible for me to give a date as there are several loose ends that need to be tied up and it is receiving our full attention.”
Bitcoin pared gains following Das’ comments. It was up 1.5 percent at $49,622 (roughly Rs. 36 lakhs) by 07:15 GMT (12:45pm IST), having traded 5 percent higher in early trade.
The comments come as India’s parliament is due to discuss the potential introduction of a law to ban private cryptocurrencies such as Bitcoin in the current session of Parliament, according to a legislative agenda.
An Indian government panel in 2019 recommended banning all private cryptocurrencies with a jail term of up to 10 years and heavy fines for anyone dealing in digital currencies.
The central bank told lenders in 2018 they could not offer any banking services to any cryptocurrency traders or exchanges, but the order was challenged in court and eventually reversed by the top court.
“The premise that crypto will be a competitor to the Indian rupee and so will lead to financial instability is incorrect,” said Nischal Shetty, chief executive of the WazirX cryptocurrency exchange.
“In order to ensure that there is financial stability we have the option of regulating it.”
Rashmi Deshpande, partner at law firm Khaitan & Co, which has represented crypto firms in the top court, also said the way forward was to regulate the market.
“We have made recommendations to the government to treat crypto as an asset class just (like) other securities … which (are) then governed by the market regulator or any other regulatory body.”
© Thomson Reuters 2021
Is Samsung Galaxy S21+ the perfect flagship for most Indians? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.
buy tadalafil: http://tadalafilonline20.com/ tadalafil daily use
tadalafil generic cheap tadalafil
tadalafil online 20
pills without a doctor prescription generic pills for sale
best online international pharmacies india: https://genericwdp.com/ cheap generic drugs from india
generic pills for sale: https://genericwdp.com/ pills without a doctor prescription
medications without a doctor’s prescription generic pills without a doctor prescription
best place to buy generic viagra online where can i buy viagra over the counter
п»їviagra pills
how much is viagra order viagra online
viagra over the counter
viagra over the counter over the counter viagra
order viagra online
best over the counter viagra viagra over the counter walmart
buy generic 100mg viagra online
buying viagra online viagra online usa
100mg viagra
online doctor prescription for viagra where can i buy viagra over the counter
where to buy viagra
viagra cost per pill price of viagra
mexican viagra
http://valtrex10.com/ – how much is valtrex
how to treat ed
buy chloroquine phosphate can you buy chloroquine over the counter
vacuum pump for ed
http://zithazi.com/ – zithromax generic price
ed help
diflucan singapore pharmacy diflucan 150 mg tabs
online ed pills
https://aralenph.com/ – chloroquine tablet price
best ed treatment pills
viagra discount https://viagrapills100.com/ viagra without a doctor prescription usa
buy viagra online canada https://viagrapills100.com/ cheap viagra online
online doctor prescription for viagra https://viagrapills100.com/ viagra 100mg price
п»їviagra pills https://viagrapills100.com/ online doctor prescription for viagra
viagra without a doctor prescription https://viagrapills100.com/ viagra price
cheap ed pills in mexico best natural cure for ed
cheap ed pills usa
ed pills without a doctor prescription best ed treatment pills
ed pills without a doctor prescription
cheap ed pills from canada order ed pills
cheap ed pills from canada
hydroxychloroquine 25 mg: cheap hydroxychloroquine – plaquenil arthritis
http://prednisonest.com/# can you buy prednisone over the counter in mexico
prednisone steroids: prednisone 20mg online pharmacy – 15 mg prednisone daily
plaquenil eye: plaquenil 200 mg tablet – hydroxychloroquine 100 mg
prednisone 20 mg tablet price: prednisone 20mg online pharmacy – prednisone 60 mg daily
http://zithromaxproff.com/# how much is zithromax 250 mg
zithromax for sale cheap
https://zithromaxproff.com/# can you buy zithromax over the counter in canada
zithromax 500 tablet
buy terramycin: buy ampicillin online
order minocin online
myambutol for sale: ampicillin generic
buy fucidin generic
fucidin price: minocycline tablets
ketoconazole online
overseas pharmacies shipping to usa: trusted india online pharmacies trusted india online pharmacies
buy prescriptions from india pharmacy: india pharmacies shipping to usa india pharmacy mail order
generic pills india: online medications from india india pharmacies shipping to usa
cheap online pharmacies from india: order prescription drugs from india india pharmacy
prescriptions from india: best india pharmacy buy prescriptions from india pharmacy
erectile pills canada: https://edpillsonline24.com/# cialis pills online
ed pills for sale: viagra pills buy erectile dysfunction pills online
over the counter ed medication: https://edpillsonline24.com/# best ed pills
Aԝesome websiіte you have ｅre buut I was wanting to
know if you knew of anny useｒ discussіon forumѕ tһat cover the ѕsme topics dscussеd here?
I’d really love to be a paгt of online community where I can get opinions fdom other knowledgеable peoрle that share the same interest.
If you have any ѕᥙggestіons, please let me know.
Cheers!
Feel free too suгf to my homepage free personals
kamagra pills: buy erectile dysfunction pills online kamagra pills
best male erectile dysfunction pill: https://edpillsonline24.com/# order erectile dysfunction pills
best place to buy generic viagra online: viagra without a prescription viagra without a doctor prescription
viagra online canada buy viagra without prescription buying viagra online without prescription
local dating sites for free
free single personal ads
viagra for sale: buying viagra online without prescription viagra without a doctor prescription
viagra price comparison buy viagra online without prescription viagra no prescription
dating websites
sexy dating sites
Ꮋello There. I discovered your blog the use of msn. Ꭲhis
iis a ｒeaⅼⅼy smartly wｒіtten article. Ι will be sure to b᧐omark it and come
bac to learn more of your heⅼpfuⅼ info.
Thank you for the post. I will certainly comebaｃk.
My bⅼog рost; payday loans lakewood co
https://doxycyclinest.com/# buy doxycycline without prescription
clomid tablet: clomid generic – cheap clomid
http://diflucanst.com/# buy generic diflucan
generic doxycycline: doxycycline – buy doxycycline online 270 tabs