RBI Governor Shaktikanta Das on Friday made it clear that the central bank’s view on cryptocurrencies like Bitcoin remains unchanged and it continues to have “major concerns” on the volatile instruments. “There is no change in RBI’s position (on cryptocurrencies). Our circular clarifies the position very well,” Mr. Das told reporters in the customary post-policy press conference, when asked if there has been a change in its view. The RBI had on Monday asked banks, NBFCs and payment system providers not to refer to its earlier 2018 circular in their communications to customers. “With regard to RBI’s position (on cryptocurrencies), I had said earlier, we have major concerns around cryptocurrency which we have conveyed to the government,” Mr. Das said.

Source: The Hindu June 04, 2021 16:33 UTC