Bitcoin News India: India’s Central Bank Governor Advocates for Crypto Regulation
Indian Reserve Bank (RBI) Governor Shaktikanta Das has called for a global regulatory framework for cryptocurrencies. Speaking at a conference organized by the International Monetary Fund (IMF), Das stressed the need for international cooperation to address the risks associated with the growing crypto market.
Das expressed concerns about the volatility and lack of transparency in the crypto sector. He said that the “anonymity and borderless nature” of cryptocurrencies make them vulnerable to misuse for illicit activities such as money laundering and terrorism financing.
“The interconnectedness of the global financial system necessitates a synchronized, multi-jurisdictional approach to crypto regulation,” Das emphasized. He urged global policymakers to work together to establish clear guidelines and standards for the crypto industry.
The RBI governor also highlighted the potential benefits of cryptocurrencies, such as their ability to facilitate cross-border payments and promote financial inclusion. However, he cautioned that these benefits should not outweigh the risks.
Das’s comments come amid increasing scrutiny of cryptocurrencies in India. The RBI banned banks from dealing with crypto exchanges in 2018, but the ban was overturned by the Supreme Court in 2020.
Since then, the Indian government has been considering various regulatory measures for cryptocurrencies. In July 2021, the government announced plans to introduce a bill that would classify cryptocurrencies as assets and regulate their trading.
The proposed bill has sparked mixed reactions from the crypto industry. Some welcomed the move towards regulation, while others expressed concerns about potential restrictions on trading and innovation.
The debate over crypto regulation in India is expected to continue as the government seeks to balance the risks and benefits associated with the emerging technology.
原创文章，作者：Kevin，如若转载，请注明出处：https://feifeihe.com/6561.html
