Global Economy

'Cryptos are a clear danger': Key highlights from RBI's Financial Stability Report

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that cryptocurrencies are a clear danger to the financial systems, adding that we must be mindful of the emerging risks on the horizon. In the RBI’s annual ‘Financial Stability Report’ (FSR) 2022, he wrote in the foreword that anything that derives value based on make believe, without any underlying, is just speculation under a sophisticated name. Here are the key highlights from RBI’s Financial Stability Report.


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