Governor of India's central bank: digital cryptocurrencies are worthless, not even "tulips"

RBI Governor Shaktikanta Das said today that cryptocurrencies have no potential value. In fact, Shaktikanta Das, who has always been an opponent of cryptocurrencies, is now lashing out at cryptocurrencies again, saying: “Investors in cryptocurrencies should keep in mind that they invest at their own risk. It should also be remembered that cryptocurrencies have no underlying value, not even a 'tulip'." Shaktikanta Das's remarks come just days after the Indian government eliminated the legalization of cryptocurrency transactions in India. uncertainty on. Earlier this month, Indian Finance Minister Nirmala Sitharaman announced in his federal budget speech that hefty taxes would be imposed on such transactions. This is equivalent to treating digital currency transactions on the same level as activities such as gambling. These activities, while discouraged, are legal. In order to weaken the impact of digital cryptocurrencies to some extent, the RBI is developing its own "digital rupee". Shaktikanta Das did not say when the "digital rupee" will be ready, but Finance Minister Sisara Mann said in the budget meeting that a central bank digital currency would be ready sometime in the next fiscal year, which begins on April 1.