Saturday, September 30, 2023
  • Login
198 Bangladesh News
No Result
View All Result
  • Home
  • VIDEO NEWS
  • BUSINESS NEWS
  • FEATURED NEWS
    • BANGLADESH USA TRADE NEWS
    • BANGLADESH INDIA NEWS
    • BANGLADESH GULF NATIONS NEWS
    • BANGLADESH CHINA NEWS
    • BANGLADESH UK NEWS
    • BANGLADESH EU NEWS
    • BANGLADESH AFRICA NEWS
    • BANGLADESH THAILAND NEWS
    • BANGLADESH MANUFACTURE NEWS
    • BANGLADESH BRAZIL NEWS
    • BANGLADESH EGYPT NEWS
    • BANGLADESH NIGERIA NEWS
  • POLITICAL
  • CRYPTO
  • TECHNOLOGY
  • MORE NEWS
    • 198TILG BANGLADESH ULTIMATE MASS MEDIA CAMPAIGN TRAINING
    • BANGLADESH MANUFACTURE NEWS
    • BANGLADESH AGRICULTURE NEWS
    • BANGLADESH VENTURE CAPITAL NEWS
    • BANGLADESH IMMIGRATION NEWS
    • BANGLADESH EDUCATION NEWS
    • BANGLADESH UNIVERSITY NEWS
    • BANGLADESH JOINT VENTURE NEWS
    • BANGLADESH SCHOLARSHIP NEWS
    • BANGLADESH PARTNERSHIPS
    • BANGLADESH BUSINESS HELP
  • ASK IKE LEMUWA
  • CONTACT
  • Home
  • VIDEO NEWS
  • BUSINESS NEWS
  • FEATURED NEWS
    • BANGLADESH USA TRADE NEWS
    • BANGLADESH INDIA NEWS
    • BANGLADESH GULF NATIONS NEWS
    • BANGLADESH CHINA NEWS
    • BANGLADESH UK NEWS
    • BANGLADESH EU NEWS
    • BANGLADESH AFRICA NEWS
    • BANGLADESH THAILAND NEWS
    • BANGLADESH MANUFACTURE NEWS
    • BANGLADESH BRAZIL NEWS
    • BANGLADESH EGYPT NEWS
    • BANGLADESH NIGERIA NEWS
  • POLITICAL
  • CRYPTO
  • TECHNOLOGY
  • MORE NEWS
    • 198TILG BANGLADESH ULTIMATE MASS MEDIA CAMPAIGN TRAINING
    • BANGLADESH MANUFACTURE NEWS
    • BANGLADESH AGRICULTURE NEWS
    • BANGLADESH VENTURE CAPITAL NEWS
    • BANGLADESH IMMIGRATION NEWS
    • BANGLADESH EDUCATION NEWS
    • BANGLADESH UNIVERSITY NEWS
    • BANGLADESH JOINT VENTURE NEWS
    • BANGLADESH SCHOLARSHIP NEWS
    • BANGLADESH PARTNERSHIPS
    • BANGLADESH BUSINESS HELP
  • ASK IKE LEMUWA
  • CONTACT
No Result
View All Result
198 Bangladesh News
No Result
View All Result
Home BANGLADESH MANUFACTURE NEWS

Reserve Bank of India deputy governor equates crypto with Ponzi schemes, Business & Economy News

by 198bangladeshnews_22i2qo
February 15, 2022
in BANGLADESH MANUFACTURE NEWS
Reading Time: 2 mins read
237 15
A A
0
">
Reserve Bank of India deputy governor equates crypto with Ponzi schemes, Business & Economy News
Share on FacebookShare on Twitter
&description=Reserve%20Bank%20of%20India%20deputy%20governor%20equates%20crypto%20with%20Ponzi%20schemes%2C%20Business%20%26%20Economy%20News" rel='nofollow' class="jeg_btn-pinterest ">

[ad_1]

The deputy governor of the Reserve Financial institution of India (RBI) has equated cryptocurrencies with Ponzi schemes. In a speech, T Rabi Shankar, the Deputy Governor even opined that ‘banning’ cryptocurrencies was essentially the most wise possibility for India. 

“We’ve additionally seen that cryptocurrencies should not amenable to definition as a foreign money, asset or commodity; they don’t have any underlying money flows, they don’t have any intrinsic worth; that they’re akin to Ponzi schemes, and could also be even be worse,” T. Rabi Sankar stated.

“All these components result in the conclusion that banning cryptocurrency is probably essentially the most advisable selection open to India.”

India’s central financial institution chief final week delivered a stark warning towards investing in cryptocurrencies, saying they lacked the underlying worth of even a tulip – in a reference to a speculative bubble that gripped the Netherlands within the seventeenth century.

Indian Finance Minister Nirmala Sitharaman, earlier this month, offered Union Price range 2022. On this 12 months’s price range, the Indian authorities has introduced its resolution of taxing features from cryptocurrency investments at a steep fee of 30 per cent. Nevertheless, full legality of cryptocurrencies that aren’t issued by the federal government remains to be in query.

India can be going to launch digital rupee. Sitharaman stated on Monday that discussions with regard to central bank-backed digital foreign money have been occurring with the Reserve Financial institution and a call will likely be taken after due deliberations.

She stated the discussions with the RBI concerning the CBDC (Central Financial institution Digital Foreign money) have been occurring previous to the Price range announcement, and they’re persevering with.

RBI Governor Shaktikanta Das added that like a number of different points, this explicit challenge is internally underneath dialogue between the RBI and the federal government.

“No matter factors we now have we focus on with the federal government,” he added.

CBDC is a digital or digital foreign money however it’s not akin to the non-public digital currencies or cryptocurrency which have mushroomed during the last decade. Non-public digital currencies don’t signify any individual’s debt or liabilities as there isn’t any issuer. They aren’t cash and positively not foreign money.

(With inputs from businesses)



[ad_2]

Source link

Tags: bankbusinesscryptoDeputyEconomyequatesGovernorIndiaNewsPonziReserveschemes
Share196Tweet123
&description=Reserve%20Bank%20of%20India%20deputy%20governor%20equates%20crypto%20with%20Ponzi%20schemes%2C%20Business%20%26%20Economy%20News" rel='nofollow' class="jeg_btn-pinterest ">

Related Posts

Anyone can now make your Instagram photo into a reel. But you can opt out

Anyone can now make your Instagram photo into a reel. But you can opt out

by 198bangladeshnews_22i2qo
July 23, 2022
0

So long as your account is public, Instagram will quickly permit anybody on the platform to remix your contemporary pictures....

Rohingya genocide: ICJ rejects Myanmar’s appeal…

Rohingya genocide: ICJ rejects Myanmar’s appeal…

by 198bangladeshnews_22i2qo
July 22, 2022
0

The Worldwide Legal Courtroom (ICJ) rejected Myanmar’s objections to the Rohingya genocide case. ICJ President Justice Joan E. Donoghue learn...

Govt sets $58b export target for FY23

Govt sets $58b export target for FY23

by 198bangladeshnews_22i2qo
July 22, 2022
0

The federal government on Wednesday mounted the merchandise export goal for the present fiscal yr (2022-23) at $58.0 billion which...

SBI becomes India’s most valuable listed PSU

SBI becomes India’s most valuable listed PSU

by 198bangladeshnews_22i2qo
July 22, 2022
0

State Financial institution of India (SBI), India's largest financial institution, has change into probably the most worthwhile listed public sector...

  • Trending
  • Comments
  • Latest
British soldiers investigated after orgy video – media

British soldiers investigated after orgy video – media

June 8, 2022
Racist, pornographic illustrations in Chinese textbooks spark uproar

Racist, pornographic illustrations in Chinese textbooks spark uproar

May 28, 2022
Here is What Happened to LUNA and Why the Price Can Continue Crashing

Here is What Happened to LUNA and Why the Price Can Continue Crashing

May 11, 2022

Hello world!

1

Rap group call out publication for using their image in place of ‘gang’

0

Meet the woman who’s making consumer boycotts great again

0
2 given life sentences in 2016 killing of California teens

2 given life sentences in 2016 killing of California teens

July 23, 2022
Global COVID cases rise, claims more than 1700 deaths…

Global COVID cases rise, claims more than 1700 deaths…

July 23, 2022
Fish prices keep surging, vegetables get cheaper

Fish prices keep surging, vegetables get cheaper

July 23, 2022
198 Bangladesh News

198 Bangladesh News will provide the latest news update as the government facing a growing challenging in preventing Bangladesh from breaking apart along ethnic and religious lines.

198massmedia Group. USA. 3821 Dominion Drive, Dumfries, USA. 22026.

Toll Free 1 888 642 8433.
Contact: info@198bangladeshnews.com

LATEST UPDATES

2 given life sentences in 2016 killing of California teens

Global COVID cases rise, claims more than 1700 deaths…

Fish prices keep surging, vegetables get cheaper

Sri Lankan forces raid anti-government protest camp

Anyone can now make your Instagram photo into a reel. But you can opt out

Crypto.com continues expansion with Cyprus

The pilgrims’ descendants fighting for acceptance

RECOMMENDED

No Content Available
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - 198 Bangladesh News.

No Result
View All Result
  • Home
  • VIDEO NEWS
  • BUSINESS NEWS
  • FEATURED NEWS
    • BANGLADESH USA TRADE NEWS
    • BANGLADESH INDIA NEWS
    • BANGLADESH GULF NATIONS NEWS
    • BANGLADESH CHINA NEWS
    • BANGLADESH UK NEWS
    • BANGLADESH EU NEWS
    • BANGLADESH AFRICA NEWS
    • BANGLADESH THAILAND NEWS
    • BANGLADESH MANUFACTURE NEWS
    • BANGLADESH BRAZIL NEWS
    • BANGLADESH EGYPT NEWS
    • BANGLADESH NIGERIA NEWS
  • POLITICAL
  • CRYPTO
  • TECHNOLOGY
  • MORE NEWS
    • 198TILG BANGLADESH ULTIMATE MASS MEDIA CAMPAIGN TRAINING
    • BANGLADESH MANUFACTURE NEWS
    • BANGLADESH AGRICULTURE NEWS
    • BANGLADESH VENTURE CAPITAL NEWS
    • BANGLADESH IMMIGRATION NEWS
    • BANGLADESH EDUCATION NEWS
    • BANGLADESH UNIVERSITY NEWS
    • BANGLADESH JOINT VENTURE NEWS
    • BANGLADESH SCHOLARSHIP NEWS
    • BANGLADESH PARTNERSHIPS
    • BANGLADESH BUSINESS HELP
  • ASK IKE LEMUWA
  • CONTACT

Copyright © 2022 - 198 Bangladesh News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist