RBI Governor Das on Crypto regulations, 'What works for one market may not suit India's needs'

Updated : Jan 11, 2024 15:13
|
PTI

 Reserve Bank Governor Shaktikanta Das on Thursday said the central bank will not emulate others on crypto currency regulations and asserted that "what is good for another market need not be good for us".

His remarks come against the backdrop of the US Securities and Exchange Commission approving changes to allow the creation of bitcoin exchange-traded funds in the US.

"What is good for another market need not be good for us. Therefore our views -- both that of the Reserve Bank and personally that of mine -- remain the same," Das said on crypto currency regulations.

He was speaking at a BFSI summit organised by the publication Mint.

To a question whether he sees the forthcoming vote-on-account to be inflationary, he said going by the past records of the present government, he feels that the interim budget will not lead to inflationary pressures.

The governor pointed to the many supply side measures that the government has taken to contain price rise since the beginning of the Russia-Ukraine war.

Crypto Market

Recommended For You

editorji | Business

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

editorji | Business

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

editorji | Business

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

editorji | Business

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

editorji | Business

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi