Key Points
RBI Governor Shaktikanta Das on Thursday said India will not emulate others on the issue of cryptocurrencies, a day after US regulators allowed bitcoin exchange traded funds (ETFs)...
Expressing apprehensions about falling for the Tulip mania in the Netherlands that had led to an asset bubble in the past, Das said, What is good for another market need not be good for us..
Just because someone has done something, we are not here to emulate them, pointed out the RBI chief in response to a query after his address at a financial sector seminar organised in Mumbai...
Many analysts have said the US approval is a landmark event in the adoption of cryptocurrencies in mainstream finance as the ETF structure gives institutions and financial advisers a familiar and regulated way to have an exposure to bitcoins...
On whether he sees the forthcoming vote-on-account to be inflationary, Das said going by the past records of the present government, he feels the interim Budget will not lead to inflationary pressures...
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