Skip to content
Markets
Crypto

India’s Central Bank Chief Says Crypto Is ‘Not Even a Tulip’

  • Das says there is no underlying asset when investing in crypto
  • RBI preparing groundwork to launch its own digital currency
Updated on
From

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

India’s central bank Governor Shaktikanta Das, a long-time opponent of cryptocurrencies, launched another broadside against digital tokens, saying they have no underlying value and are a threat to financial stability.