Cryptocurrencies akin to Ponzi schemes, RBI deputy governor calls for outright crypto ban2 min read 14 Feb 2022, 08:46 PM IST
RBI Deputy Governor T Rabi Sankar said that cryptocurrencies have specifically been developed to bypass the regulated financial system and it is akin to or even worse than Ponzi schemes
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 cryptocurrencies away from the formal financial system, the RBI Dy Guv said.
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