The banking regulator once again cautioned against the proliferation of virtual currencies, calling the instruments a 'danger'. "Cryptocurrencies are a clear danger," RBI governor Shaktikanta Das noted in the foreword to the report. "Anything that derives value based on make believe, without any underlying, is just speculation under a sophisticated name."source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-financial-system-must-be-guarded-against-fintech-risks/articleshow/92584126.cms
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