India’s top bank has called for a crypto ban.
Reserve Bank of India Governor Shaktikanta Das says crypto is ‘nothing but gambling’ and is calling for a blanket ban.
The Governor told a business event that the value of crypto is “nothing but make believe.”
He added that crypto is “100 per cent speculation or to put it very bluntly, it is gambling.”
He then argued that since gambling is banned in India, cryptos should not be allowed, too, or the government should lay the rules for gambling.
The bank’s Governor does support Central Bank Digital Currencies though, calling them “the future of money.”
