RBI Governor Shaktikanta Das has, in fact, sought an outright ban on it, while making his views clear on it at several platforms in the last two years.
“Crypto should be banned, given its no underlying value in the market. Just like every asset, every financial product comes with some underlying value, hence the value of crypto is totally based on the make-believe factor,” he had said in January this year during a media event.
“Crypto is a form of gambling without any underlying value and is nothing but a 100 per cent speculation world,” he had said in the same event, while seeking a ban on it.