Governor of the Reserve Bank of India: countries must be very cautious about cryptocurrencies

Shantikanta Das, president of the Reserve Bank of India, talked about cryptocurrencies and Libra during the International Monetary Fund (IMF) and World Bank annual meetings this week. He said that some reports also emphasized the advantages of stable currency, but the risks are no exception. The Indian central bank banned the use of cryptocurrencies in India. Countries must be very cautious before making any comments or taking any action on the matter.