Reserve Bank of India Governor: Central Bank's Warnings Pushed People to Avoid Crypto

Reserve Bank of India governor, Shaktikanta Das, in an interview with ET Now said that the warning bells sounded by the Indian central bank persuaded people to avoid cryptocurrencies. "I’m happy we sounded those warning signals," said Das. "Anecdotally I am aware that many people did not invest in crypto or they sort of pulled out of crypto thanks to the caution and the concern that emanated out of the Reserve Bank." Das also reiterated his view that cryptocurrencies can create problems with a central bank's ability to manage monetary policy.