RBI Governor Warns of Crypto Risks Post SEC ETF Approval

January 17, 2023

January 14, 2023

January 14, 2023

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By Pooja

RBI Governor Shaktikanta Das cautions against crypto risks for emerging markets, noting the recent SEC approval of 11 bitcoin ETFs.

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Warning of Crypto Risks

SEC approval for major players like BlackRock signals a milestone, but the SEC clarifies non-endorsement of bitcoin.

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SEC Greenlights Bitcoin ETFs

Das reaffirms RBI's caution on crypto, citing "huge risks" and referencing historical market bubbles.

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RBI Maintains Caution

Das consistently voices worries about cryptocurrencies, labeling them a "clear danger" based on speculative value.

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Governor's Consistent Concerns

The RBI focuses on strengthening governance in regulated entities, urging proactive roles from top officials and board members.

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RBI Emphasizes Governance

Despite concerns, Das recognizes blockchain's potential for diverse applications.

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Blockchain Acknowledged

RBI urges enhanced governance in regulated entities, calls for proactive risk management by top officials and board members.

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RBI's Governance Focus