Vrishti Beniwal And Ronojoy Mazumdar Bloomberg

India needs much deeper discussions on the issue of cryptocurrencies, Reserve Bank Governor Shaktikanta Das said Tuesday, as the government formulates a law to regulate private virtual coins.

With revenues under strain, the government is borrowing more and seeking to extract additional capital from the central bank. Any further widening in the fiscal deficit would jeopardize the nation's credit rating.

India needs much deeper discussions on the issue of cryptocurrencies, Reserve Bank Governor Shaktikanta Das said Tuesday, as the government formulates a law to regulate private virtual coins.

With revenues under strain, the government is borrowing more and seeking to extract additional capital from the central bank. Any further widening in the fiscal deficit would jeopardize the nation's credit rating.