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Reserve Bank of India (RBI) governor Shaktikanta Das called for a ban on crypto during a recent conference, according to a Jan. 13. report from India Today. Das said Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar on Monday called for an outright ban on cryptocurrencies in the country. There are strong reasons to keep T Rabi Sankar, who took over as the Deputy Governor of the Reserve Bank of India in May, has called for an outright ban on cryptocurrencies. Banning cryptocurrency is Making a strong case for an outright ban on cryptocurrencies, the Reserve Bank of India (RBI) on Tuesday said that they can neither be treated as currency, asset nor Reserve Bank of India (RBI) Governor Shaktikanta Das sought to reaffirm on Friday that the central bank’s stance on banning crypto assets remained unchanged despite a Mumbai: Tough talk by senior Reserve Bank of India (RBI) officials on cryptocurrencies is making the Indian crypto community nervous. On Monday, RBI deputy

RBI Governor Calls for Outright Crypto Ban: Is India Heading for a Crypto Shutdown?

The future of cryptocurrency in India is once again uncertain. Reserve Bank of India (RBI) Governor Shaktikanta Das has reignited the debate with a renewed call for an outright crypto ban. This comes amid tough talk from senior Reserve Bank of India (RBI) officials on cryptocurrencies, making the Indian crypto community nervous.

Why the RBI Wants a Crypto Ban

According to a Jan. 13 report from India Today, Reserve Bank of India (RBI) Governor Shaktikanta Das called for a ban on crypto during a recent conference. This stance isn't new; the RBI has long expressed concerns about the potential risks associated with cryptocurrencies.

Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar on Monday also called for an outright ban on cryptocurrencies in the country. T Rabi Sankar, who took over as the Deputy Governor of the Reserve Bank of India in May, has consistently advocated for a complete prohibition, making a strong case for an outright ban on cryptocurrencies.

RBI's Reasoning: Crypto is Not Currency, Asset, or…

The Reserve Bank of India (RBI) on Tuesday stated that cryptocurrencies can neither be treated as currency, asset nor… Their argument centers around the lack of underlying value and the potential for financial instability.

Shaktikanta Das Reaffirms Anti-Crypto Stance

Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das sought to reaffirm on Friday that the central bank’s stance on banning crypto assets remained unchanged despite recent market fluctuations.

What Does This Mean for Crypto Investors in India?

The RBI's continued pressure for a crypto ban raises significant questions for Indian crypto investors. Banning cryptocurrency is a drastic measure, and the potential consequences for the burgeoning crypto industry in India are substantial. Will the government heed the RBI's call, or will they find a middle ground through stricter regulation? The coming months will be crucial in determining the fate of crypto in India.

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