India Briefings
Buisness

Regarding cryptocurrency regulations, RBI Governor Das said, “What is Good for Another Market Need Not Be Good for Us.”

<p>Governor of the Reserve Bank Shaktikanta Das said on Thursday that “what is good for another market need not be good for us” and that the bank would not follow other banks’ lead when it comes to regulating cryptocurrencies. His comments are made in light of the US Securities and Exchange Commission’s approval of modifications that would enable the establishment of bitcoin exchange-traded funds in the US.</p>
<p><img decoding=”async” class=”alignnone wp-image-347796″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-regarding-cryptocurrency-regulations-rbi-governor-das-said-what-is-good-for-anothe.jpg” alt=”theindiaprint.com regarding cryptocurrency regulations rbi governor das said what is good for anothe” width=”1076″ height=”717″ title=”Regarding cryptocurrency regulations, RBI Governor Das said, "What is Good for Another Market Need Not Be Good for Us." 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-regarding-cryptocurrency-regulations-rbi-governor-das-said-what-is-good-for-anothe.jpg 510w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-regarding-cryptocurrency-regulations-rbi-governor-das-said-what-is-good-for-anothe-150×100.jpg 150w” sizes=”(max-width: 1076px) 100vw, 1076px” /></p>
<p>“What works well for one market may not work well for another. Therefore, when it comes to rules pertaining to cryptocurrency, both the Reserve Bank’s and my own personal opinions remain unchanged, Das said. He was giving a speech at a BFSI event that the magazine Mint had organized.</p>
<p>In response to a question on whether he thought the next vote on account would cause inflation, he said that based on the current government’s track record, he did not believe that the interim budget would. The governor cited the many supply-side initiatives the administration has implemented since the start of the conflict between Russia and Ukraine to limit price increases.</p>

Related posts

Tesla is considering purchasing $1.9 billion in components from India, according to Goyal

As central bank meetings come to an end, the world’s stock markets soar to a 14-month high

Audio and video calls are coming to X, but only for certain users

Why Do Indian Employees Want To Pay For New Skills? Examine This Report

Infosys and HCL Tech will implement salary increases this quarter; see dates and other information

Gianni Versace’s label earns Rs 11,000 crore annually after growing from a small boutique to an iconic luxury brand