RBI Governor LIVE: ‘Crypto Trading Is Gambling’ | Shaktikanta Das Seeks Ban On Cryptocurrencies
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that cryptocurrency should be completely banned from the country and it can just be called ‘gambling.
On being asked about his stance on crypto at the BT’s Banking & Economy Summit in Mumbai, “RBI’s position is very clear, all cryptos should be banned. However, the technology of blockchain needs to be supported as it has so many other applications.”
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16 Comments
The worst governor
Buying anything is gambling since the value can change. Having money is gambling since its value also changes.
Good evening sir, have a great day.
why india's forex reserves falling?
Isn't there a lot of gambling happening in the Goa casinos?
I remember when I just got into crypto back in 2017 but later in 2018 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2021 and looks like we have the same mentality, I admit that seeing a -50% hurts but it's not a realized loss until you sell. Now I buy and just trade and I've been doing it with Nicole Cas and I’ve been able to make over 22.4btc from her insights and accurate daily signals staying one step ahead is always rewarding at this time.
That's irrelevant to the population of India. Does it mean that inflation and recession are not a matter of fact that Government has to deal with during "the no money phase" or "less money phase" . This is completely of buffer you have created for safe nation. Unless economy is for the people to serve the least good there, leave alone launderers and bad let them die. But the terrible fact is they won't the least Good that trusts Good exists… Will that survive… In the mess.
"Just when the caterpillar thought the world was ending, he turned into a butterfly." _Proverb
It clearly shows the Governor's lack of knowledge. Like everywhere, there are gamblers in the Crypto World. But it is nothing to do with the gambling.Send him back to school.
"Don't raise your voice, improve your argument." _Anonymous
YES YES YES 😭
Why allow alcohol and tobacco then ? there are many things that are similar to gambling like stock market, it doesn't make sense to ban crypto. It brings money to common people, restrictions only leads to poverty gap. This man just lacks knowledge or there is other reason that he wants to hide.
What a load of shit. If you are concerned about the dollarization of the economy, enable the creation of an on chain rupee which can be used as a base for crypto transactions. This way the RBI knows the quantum of M3 while transactions still being private. Also, don't know what this 'make believe' is. Any freely trading asset is a function of current utility and speculation. This is especially the case with tech stocks, where there is more speculation over future value of technology than current revenue. Seems like if we took Shaktikanta to the US he will try banning the NASDAQ.
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Good night nice video
Thanks for your report l will see cryptocurrency as one of the best digital investment and I totally love the technology when it comes to the large crypto asset Bitcoin, and bitcoke platform with The Name Top,, 🆙 🆙 🆙🆙