Mumbai : The numbers being thrown at India’s crypto market participants appear to be “somewhat exaggerated”, RBI Governor Shaktikanta Das said on Wednesday, reiterating his earlier stance that cryptocurrencies are a serious concern for the central bank.
“I don’t claim that I have 100% of the information. Since this is an undocumented field, we don’t get a whole lot of information. But whatever information and feedback we have, with a fair amount of confidence, I think The number of participants in the crypto market seems to be somewhat exaggerated,” Das said. business standard Competition.
He pointed out that the majority of crypto investors in India – 70% or more – have invested in There is an effort to enroll 1,000-3,000 and possibly as many people as investors.
livemint Citing information from broker discovery and comparison platform BrokerChooser, it was reported on 13 October that India has the highest number of 100.7 million crypto owners in the world.
Das said, “I reiterate that cryptocurrencies are a very serious concern as far as RBI is concerned and we have serious concerns from the point of view of macro-economic and financial stability.”
He added that the central bank has submitted detailed suggestions to the government on crypto. “As far as I know, the matter is under the consideration of the government and it will decide,” he said. The number of investments in terms of amount is more and more certainly increasing. Anecdotally, we hear a lot of things but I am not so sure about the number that is being quoted,” he said.
Don’t miss a story! Stay connected and informed with Mint.
download
Our App Now!!
,