"The way we look at crypto remains mint ANNUA BFS unchanged, irrespective of who does what," Reserve Bank of India (RBI) governor Shaktikanta Das stated at the 16th Mint Annual BFSI Summit and Awards in Mumbai on Thursday. "Just because somebody and is doing something, we are not here to emulate them." The US Securities Exchange Commission (SEC) on Wednesday approved the first US-listed ETFs to track bitcoin, marking a milestone for the world's largest cryptocurrency and the broader crypto industry. The SEC approved 11 applications, including from BlackRock, Fidelity and Invesco. At the same time, the SEC said it does not endorse or approve bitcoin.
"RBI's position on cryptocurrency remains unchanged. Travelling down that path will create huge risks. I don't think the world or emerging markets (EMS) can take a crypto mania like the tulip mania," Das said, referring to the 17th century boom and bust in Dutch tulip prices, regarded as one of the most infamous asset bubbles in history.
View from the top
Banking system well-placed to support growth
RBI has addressed quick resolution of customer grievances
Proactive supervision to minimize surprises
Esta historia es de la edición January 12, 2024 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 12, 2024 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Steering clear of Trumponomics would serve other countries well
The US president-elect's policy plans will hurt more than help the US and policymakers elsewhere must recognize the risks
Welcome Elon Musk, shadow president-elect of the US
Nobody can predict what part of his inner self will show up as he takes on a new role in the government
Saudi Arabia's popular culture is changing with liberalization
Riyadh's moves to open up the kingdom have had a positive impact
India's slowdown awaits a well-crafted response
The second-quarter loss of economic pace has underlying trends that risk reinforcing its key causes. Indian policy must support private investment, employment and consumption
A right that women don't have is the right to mediocrity
It's not just Harris. Women are judged far more harshly than men for not being exceptional
Not Goa, this techie picked Da Nang for beach holidays
Harsh Vardhan has been to Vietnam thrice in two years, the latest trip was for his honeymoon
EPF users to receive interest till the date of settlement
Members of the Employees' Provident Fund Organisation (EPFO) will now earn interest till the date of settlement of their claims.
Social movements need to lead India's fight against air pollution
We must generate the social capital required for people to act collectively towards a common cause
RETHINKING SME IPOs: SEBI STEPS IN TO ADDRESS MISUSE
Sebi's effort to streamline SME IPOs is laudable but liquidity must also be a key focus area
Repatriating FCNR deposits: What NRIs need to know after becoming residents
When NRIs (non-resident Indian) change their status to resident Indian, is it possible to repatriate the funds from FCNR (foreign currency non-resident account fixed deposit (FD)) for free, without it being subject to regulations of the Liberalised Remittance Scheme (LRS)?
