Indian Central Bank Governor Voices Concern Over Cryptocurrencies

The Governor of the Reserve Bank of India (RBI), the Indian Central Bank today voiced his concerns over the use of cryptocurrencies suggesting it might have a devastating impact on the economy of the country. Shaktikanta Das, the governor of RBI made these comments during an interview with a local media house said that India is very much in the race to launch its own digital currency quite similar to the Chinese Digital Yuan.