RBI Governor Shaktikanta Das reiterates his skepticism towards cryptocurrencies, emphasizing their threat to global financial stability. This comes in response to the US Securities and Exchange Commission’s approval of 11 Bitcoin ETFs, allowing investors exposure without direct ownership. Das questions the speculative nature of cryptocurrencies, emphasizing the risks and lack of sustainable gains for the majority. He points to the cautious approach taken by the US regulator, advocating for prudence in emerging markets.
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