RBI governor: still major concerns about cryptocurrencies Central bank digital currency and cryptocurrencies are two different things

According to AMBcrypto on June 5, RBI Governor Shaktikanta Da said yesterday, “The position of RBI (on cryptocurrencies) has not changed. Regarding the RBI’s position, we have major concerns about cryptocurrencies and we have communicated that to the government. For investors, each investor should do their own due diligence and make very careful decisions. Central bank digital currencies are one thing. It is another thing to have cryptocurrencies traded in the market. The RBI and the government are committed to financial stability. We have expressed some concerns about these cryptocurrencies that are traded in the market. We have reported some significant issues to the government.” The news comes after the RBI claimed on May 31 that it had not banned banking services for accounts dealing in cryptocurrencies.

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