Cryptocurrencies Are Huge Risks To Financial Stability: RBI Governor Shantikanta Das
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RBI Governor Shantikanta Das stated on October 26, 2024, that cryptocurrencies pose significant risks to financial and monetary stability. He expressed concerns that they could lead to a loss of control over money supply by the central bank, impacting liquidity management and inflation control. Das emphasized the need for international cooperation to address these risks, noting that this perspective may not be popular but is crucial for financial stability. He spoke at the Peterson Institute for International Economics.

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https://www.news18.com/business/banking-finance/cryptocurrencies-are-huge-risks-to-financial-stability-rbi-governor-shantikanta-das-9099721.html