On February 10, after the meeting of the Monetary Policy Committee, Governor Das had clearly stated that private cryptocurrencies are dangerous for financial stability and macroeconomy.
The Finance Minister said that the Reserve Bank and the government are thinking equally about cryptocurrencies.
Finance Minister Nirmala Sitharaman and Reserve Bank Governor Shaktikanta Das met today after the budget. After this meeting, the Finance Minister said that the government and the Reserve Bank are on the same page of the book regarding cryptocurrency. The government and central banks are working together not only on cryptocurrencies, but also on many other issues. Both respect each other’s way of working and jurisdiction. We know very well that both have to take such a decision together which is in the interest of the country. Serious consideration is being given in this direction. Whenever a decision will be taken regarding cryptocurrency, it will be taken only after the consent of the Reserve Bank.
Regarding this meeting, Governor Shaktikanta Das said that internal discussions are going on between the government and RBI regarding cryptocurrencies. The central bank has shared its point with the government. Apart from this, no other information can be shared at present.
With RBI & Ministry, not just on crypto but on every other thing as well, I think there’s complete harmony with which we’re working, respecting each other’s domain also knowing what we’ve to do with each other’s priorities & in interest of the nation. There’s no turfing here: FM pic.twitter.com/ub4aDmZCfU
— ANI (@ANI) February 14, 2022
On February 10, after the meeting of the Monetary Policy Committee, Governor Das had clearly stated that private cryptocurrencies are dangerous for financial stability and macroeconomy. While cautioning the investors, Das had said that there is no underlying value with cryptocurrencies. So this currency cannot be trusted.
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