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Next Financial Crisis Will Come From Private Cryptocurrencies: RBI Governor

The RBI governor said that cryptocurrencies pose risks for financial stability.(File)
The RBI governor said that cryptocurrencies pose risks for financial stability.(File)

India's central bank chief today warned that the next financial crisis will come from private cryptocurrencies adding that he still holds the view that cryptocurrencies should be prohibited.

Reserve Bank of India governor Shaktikanta Das also added that cryptocurrencies have no underlying value and pose risks for macroeconomic and financial stability.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)