Reserve Bank Of India Deputy Governor Equates Cryptocurrency With Ponzi Schemes

The Reserve Bank of India's (RBI) deputy governor has compared cryptocurrency to Ponzi schemes. T Rabi Shankar, the Deputy Governor, even suggested that 'banning' cryptocurrency was the best option for India in a speech.

He further added, "We have also seen that cryptocurrencies are not amenable to definition as a currency, a...

Subscribe to view this content.

Explore exclusive GGI coverage of Donald Trump’s assassination attempt.

 
Do you have a tip or sensitive material to share with GGI? Are you a journalist, researcher or independent blogger and want to write for us? You can reach us at [email protected].