India’s central bank, the Reserve Bank of India , has warned about investing in the crypto market following the collapse of cryptocurrency terra and stablecoin terrausd . “We have been cautioning against crypto and look at what has happened to the crypto market now,” said Governor Shaktikanta Das.The governor of the Reserve Bank of India , Shaktikanta Das, discussed the crypto market downturn and the regulation of crypto assets in an interview with CNBC TV18 Monday.
Had we been regulating it already, then people would have raised questions about what happened to regulations. There are big questions on how do you regulate it. Our position remains very clear, it will seriously undermine the monetary, financial and macroeconomic stability of India.The governor believes that the Indian government shares the central bank’s stance on crypto. “We have conveyed our position to the government and they will take a considered call,” the central bank chief noted. “I think the utterances and statements coming out from the government are more or less in sync.
that Coinbase India disabled payments by the Unified Payments Interface days after launch due to “informal pressure” from the RBI.
Source: News Formal (newsformal.com)
It's not really easy to regulate crypto, of course with usdt there's no problem
Hope we see the wale through, the market conjunction is emancipating
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Does he know what will happen after this?
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😂 look at what’s happening to your debasing fiat espcially ypur worthless rupee now. Study up.
And also its more friendly than what is happening to his economy
Anpad log bht dkhe h ..is jesa ni...no market can continue peak..it has to correct itself... hadd h
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They really don't understand how crypto works🤨
Sir hats off to the only governor who was agaisnt bitcoin which is actually criminals coin or dark money coin
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Ok who is he 😂 look at the stocks ipos
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Cannot expect any other reaction from a country like india, where they fail to embrace anything new, because of fear and will ban it all. India is going to be a big loser in Crypto in coming decades. We are already seeing talent / capital / projects flee.
Same thing happened in stock market at time of Harshad Mehta
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Now they will be creating FUD around crypto like they were doing that around Tether
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Haha they don't talk about Indian scam 🤣🤣
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