Why did RBI Governor Shaktikanta Das warn investors about Crypto Currency?

 

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As you all know, tax has been announced on the crypto currency in the general budget, but the RBI governor has alerted the investors of crypto currency, he has said that the path of crypto currency in India is very difficult. Very dangerous for the economy.

RBI Governor Shaktikanta Das said, "Earlier I had said that investors should take their own decision but investors have to keep this thing in their mind that whatever they are investing, it is their responsibility." No rules have been made by RBI in this regard.

In response to the question of when Digital currency will be  launched, RBI Governor Shaktikanta Das said that we do not want to give any timeline. We are not in a hurry, will launch it completely safely and carefully. At the same time, Deputy Governor T Ravi Shankar said that the government is not taking the help of any outside agency for this currency.

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