Major concerns about crypto currencies conveyed to govt: RBI governor

This comes after RBI's circular earlier this week that clarified banks can no longer cite its circular on crypto for not offering such products to customers

The Reserve Bank of India (RBI) on Friday made its stance clear on cryptocurrencies, saying it has major concerns around such assets, reiterating its long-standing position on the use of virtual currencies.
 
The RBI has also conveyed its position and concerns on such assets to the central government.
 
RBI Governor Shaktikanta Das said: “There is no change in RBI’s position. We have major concerns around cryptocurrencies, which we have conveyed to the government. And, about investors, it is for each investor to do his/her due diligence and take a very careful and prudent call.”
 
This comes after