The head of the Reserve Bank of India, Shaktikanta Das, announced that he still has concerns about virtual assets and the impact they can have on the financial industry of the country.
The Indian financial authorities are currently awaiting the Cabinet to approve a new regulatory framework on cryptocurrencies. However, the country’s central bank, the Reserve Bank of India (RBI), still has serious concerns about these types of coins.
Shaktikanta Das announced his concerns regarding cryptocurrencies and their financial stability. He also shared his worries with the government of India.