Crypto regulations | What is good for another market need not be good for us: RBI governor Shaktikanta Das
11 months, 1 week ago

Crypto regulations | What is good for another market need not be good for us: RBI governor Shaktikanta Das

The Hindu  

Reserve Bank Governor Shaktikanta Das on January 11 said the Central bank will not emulate others on crypto currency regulations and asserted that "what is good for another market need not be good for us". His remarks come against the backdrop of the U.S. Securities and Exchange Commission approving changes to allow the creation of bitcoin exchange-traded funds in the U.S. "What is good for another market need not be good for us. Therefore our views — both that of the Reserve Bank and personally that of mine — remain the same," Mr. Das said on crypto currency regulations. The governor pointed to the many supply side measures that the government has taken to contain price rise since the beginning of the Russia-Ukraine war.

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History of this topic

Emerging markets cannot afford 'crypto mania', says RBI governer as ETFs begin trading in US
11 months, 1 week ago

Emerging markets cannot afford 'crypto mania', says RBI governer as ETFs begin trading in US

India TV News  

A day after the US Securities and Exchange Commission permitted bitcoin exchange-traded funds to be listed on exchanges, RBI Governor Shaktikanta Das said that his view remains unchanged that cryptocurrencies pose a significant threat to the financial stability of emerging markets. The SEC's approval includes 11 ETFs, opening the door to more widespread investments in the world's largest cryptocurrency without …

What's good for another market need not be good for us: RBI Guv on crypto regulations
11 months, 1 week ago

What's good for another market need not be good for us: RBI Guv on crypto regulations

Deccan Chronicle  

Mumbai: Reserve Bank Governor Shaktikanta Das on Thursday said the central bank will not emulate others on crypto currency regulations and asserted that "what is good for another market need not be good for us". "What is good for another market need not be good for us. Therefore our views -- both that of the Reserve Bank and personally that …

What is good for another market need not be good for us: RBI Governor Shaktikanta Das
11 months, 1 week ago

What is good for another market need not be good for us: RBI Governor Shaktikanta Das

India TV News  

Reserve Bank of India Governor Shaktikanta Das said that the central bank will not follow other countries in regulating cryptocurrencies, emphasising that decisions taken in other markets may not necessarily be suitable for India. "What is good for another market need not be good for us. Therefore our views—both that of the Reserve Bank and personally that of mine—remain the …

IMF, FSB to flesh out crypto regulation in the wake of India’s push at G20
1 year, 9 months ago

IMF, FSB to flesh out crypto regulation in the wake of India’s push at G20

The Hindu  

The International Monetary Fund and the Financial Stability Board are set to formulate a technical paper in a bid to attain a coordinated global approach for the regulation of crypto assets as proposed by the Indian Presidency of the G20. The idea had found backing from U.S. Treasury Secretary Janet Yellen, who also mooted international cooperation to set high regulatory …

Understanding cryptocurrencies
2 years, 5 months ago

Understanding cryptocurrencies

Hindustan Times  

There is a need for a broader international collaboration before cryptocurrency regulations can be drawn up in India, finance minister Nirmala Sitharaman told Parliament this week. In May, an entire currency — known as the Terra/Luna stablecoin pair — and a crypto-based lending platform known as Celsius crashed, wiping out tens of millions of dollars of wealth. Searching with just …

International finance body plans to set down regulations for stablecoins
2 years, 5 months ago

International finance body plans to set down regulations for stablecoins

The Hindu  

In light of the crypto sector’s ongoing crisis, the Financial Stability Board or FSB, an organisation that advises on matters relating to international finance, has promised to soon report on the regulation of activities involving cryptocurrency. Citing the “recent turmoil” in the crypto market, the FSB’s statement underlined the need for common domestic and international standards in order to regulate …

Cryptocurrency Has No Underlying Value: RBI Governor Clears India's Stance on Cryptos
2 years, 7 months ago

Cryptocurrency Has No Underlying Value: RBI Governor Clears India's Stance on Cryptos

News 18  

India’s stance on cryptocurrencies has not always been much accommodative, and Reserve bank of India governor Shaktikanta Das on Monday, May 23, made it clear once again. Shaktikanta Das said people would have raised questions after the cryptocurrency market crash had the RBI been regulating the digital assets by now. Shaktiknta Das also said that he believes that that the …

Invest at your own risk, RBI Governor's message to cryptocurrency investors
2 years, 10 months ago

Invest at your own risk, RBI Governor's message to cryptocurrency investors

India Today  

Reserve Bank of India Governor Shaktikanta Das on Thursday sounded a note of caution over the cryptocurrency, saying it poses a threat to financial stability. CRYPTOCURRENCY PRIVATELY CREATED The RBI Governor said that Cryptocurrency is privately created. "Cryptocurrency is privately created and it is a threat to financial stability," said the RBI Governor. Using a historical context to make a …

Cryptocurrencies are threat to macroeconomic and financial stability, warns RBI governor
2 years, 10 months ago

Cryptocurrencies are threat to macroeconomic and financial stability, warns RBI governor

India TV News  

Highlights RBI Guv Shaktikanta Das said cryptocurrencies are threat to macroeconomic, financial stability. RBI Governor Shaktikanta Das on Thursday made it clear that private cryptocurrencies are a threat to macroeconomic and financial stability, and undermine its ability to deal with challenges on the two fronts. Private cryptocurrencies or whatever name you call it are a threat to our macroeconomic stability …

Private cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI
2 years, 11 months ago

Private cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI

The Hindu  

Private cryptocurrencies pose immediate risks to customer protection and are prone to frauds and extreme price volatility, given their highly speculative nature, the Reserve Bank of India said in its financial stability report released on Wednesday. The latest report noted that the proliferation of private cryptocurrencies across the globe has sensitised regulators and governments to the associated risks. "Private cryptocurrencies …

Govt to move bill in Parliament to ban crypto-currencies
3 years, 1 month ago

Govt to move bill in Parliament to ban crypto-currencies

Live Mint  

Days after Reserve Bank of India governor Shaktikanta Das sounded alarm on crypto-currencies warning very serious risk it poses for macro economy and financial stability of the country, the government’s legislative agenda for the upcoming winter session of Parliament showed it plans to ban private crypto-currencies such as bitcoin. Government is set to introduce “The Cryptocurrency and Regulation of Official …

RBI Governor Raises Doubt Over Cryptocurrency Market Value, Says 'Investors Look Exaggerated'
3 years, 1 month ago

RBI Governor Raises Doubt Over Cryptocurrency Market Value, Says 'Investors Look Exaggerated'

ABP News  

New Delhi: Reiterating opposition, Governor of the Reserve Bank of India, Shaktikanta Das on Wednesday said that cryptocurrencies pose a serious threat to the financial stability in the country, reported PTI. Shaktikanta Das said that cryptocurrencies being unregulated by any central bank or authorities is a serious threat to any financial system. Expressing his doubts over the number of cryptocurrency …

RBI governor Shaktikanta Das says cryptocurrencies are serious threat to any financial system till they are regulated
3 years, 1 month ago

RBI governor Shaktikanta Das says cryptocurrencies are serious threat to any financial system till they are regulated

India Today  

RBI governor Shaktikanta Das has once again underlined the concerns around cryptocurrencies, calling them a threat to any financial system, at least till they are regulated. He said that cryptocurrencies are serious threats to the macroeconomic and financial stability of the country and also doubted the number of investors trading on them as well as their claimed market value. But …

Blockchain Good, But 'Major Concerns' About Cryptocurrency: RBI Governor Shaktikanta Das
3 years, 10 months ago

Blockchain Good, But 'Major Concerns' About Cryptocurrency: RBI Governor Shaktikanta Das

News 18  

Shaktikanta Das, governor of the Reserve Bank of India, said earlier today that the central bank has voiced concerns around the viability of cryptocurrencies with the Indian government. It is under consideration in the government and I do expect and I think sooner or later the government will take a call and if required the Parliament also will consider and …

RBI has 'major concerns' over cryptocurrencies: Governor Shaktikanta Das
3 years, 10 months ago

RBI has 'major concerns' over cryptocurrencies: Governor Shaktikanta Das

India Today  

The Reserve Bank of India has “major concerns” about cryptocurrencies, Governor Shaktikanta Das said on Wednesday, flagging potential risks to financial stability. “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. “In order to ensure that there is financial stability we …

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