Need to monitor cryptocurrency, says RBI Deputy Governor
Echoing the earlier statement of Raghuram Rajan, who is the current Governor of Reserve Bank of India (RBI), now the Deputy Governor SS Mundra has called for regulating the cryptocurrency market in India and to monitor it well to ensure that it "does not pose any concerns." Mundra expressed his viewpoint while speaking at the annual Financial Institution Benchmarking & Calibration (FIBAC) conference in Mumbai. He further said that "it is near impossible to regulate the behavior and choices of individuals...hence, it will be more practical for the regulatory authorities to push for bringing....
Related News
Bank of England Deputy Governor Jon Cunliffe believes that cryptocurrencies are not big enough to pose financial stability risk. “They’re not of the size that they would cause financial stability risk, and they’re not connected deeply into the standing financial system,” said the deputy governor. Crypto Poses No Financial Stability Risk, Says Deputy Governor of Bank of England Jon Cunliffe, the deputy governor of the Bank of England, talked about cryptocurrency and whether it poses financial stability risk in an interview with CNBC Wednesday. He said: The....
A deputy governor of India’s central bank, the Reserve Bank of India (RBI), likens cryptocurrencies to Ponzi schemes, emphasizing that they cannot be regulated. “It would be futile to regulate cryptocurrencies,” he claims, stating that they should be banned. RBI’s Deputy Governor Sees Crypto Ban as ‘the Most Advisable Choice Open to India’ A deputy governor of the Reserve Bank of India (RBI), T. Rabi Sankar, shared his view on cryptocurrency and what Indian crypto policy should be during his keynote address at the Indian Banks Association 17th....
Bank of England Deputy Governor Jon Cunliffe says that a collapse in the cryptocurrency market is certainly “plausible,” stating that regulators worldwide need to pursue crypto rules “as a matter of urgency.” While cryptocurrencies do not currently pose a threat to the country’s financial stability, the deputy governor says there are some “very good reasons” to think that this might not be the case for very much longer. Crypto Collapse Plausible, Crypto Rules Are ‘a Matter of Urgency’ Bank of England Deputy Governor Jon....
The Bank of France’s deputy governor said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the general public.
Reserve Bank of India Deputy Governor T. Rabi Sankar says with complete confidence that digital bank assets or CBDCs will ultimately pull the plug on cryptocurrencies such as Bitcoin, Ethereum, and others. So, is this seriously the end of the line for crypto? RBI Deputy Governor T. Rabi Sankar says: “We believe that CBDCs would […]