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India should ban ‘Ponzi’ private cryptos or risk wrecking the country’s financial system, a top RBI central banker has warned
- February 16, 2022
- Posted by: MasterAdmin
- Category: Cryptocurrency
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Mumbai, India.
Karen Dias/For The Washington Post via Getty Images
The best option for India is to ban private cryptocurrencies, one of the country’s top central bankers said Monday.
Private crypto is worse than Ponzi schemes and pose a threat to financial stability, Rabi Sankar said.
India has taken a tough stance on crypto as it develops its “digital rupee” CBDC, expected by March next year.…
