Nirmala Sitharaman's warning about cryptocurrency:
Union Finance Minister Nirmala Sitharaman has struck a chord with RBI about cryptocurrency. Union Finance Minister Nirmala Sitharaman recently attended a program of BJP's Economic Cell. The finance minister has once again given a stern message to the crypto-investors of the country.
Cryptocurrency is not just any currency - Finance Minister once again reminded. He has given some warnings to the investors. He asked those who are investing to be very careful.
'Warning is the real word. We should all ponder this word. We should all think about this. A technology we want to use. But we should be thinking about where that technology can take us.'
Cryptocurrency investment is increasing in the country. According to a United Nations or UN survey, at least 7.3% of the country's citizens own cryptocurrencies. Earlier a survey had also come out, which found that at least 30% of the country's citizens own cryptocurrencies. Later, however, it is known that this survey is wrong. However, having cryptocurrency in the hands of 7.3% is enough of concern according to the country's highest banking organization Reserve Bank of India (Reserve Bank of India) or RBI.
Incidentally, the RBI has repeatedly warned against cryptocurrencies. As repeatedly stated, cryptocurrencies are harmful to national security. The country's apex banking body has also told the Center to ban cryptocurrencies in the country. After Nirmala Sitharaman made this announcement, time will tell if cryptocurrency is banned in the country. But, there is no doubt that the massive increase in the number of crypto users in the country is worrying the government and the RBI.
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