Indian Central Bank Chief: US Banking Crisis Clearly Shows Risks Crypto Poses to the Financial System
The governor of India’s central bank, the Reserve Bank of India , says the “ongoing U.S. banking crisis” clearly demonstrates the risks cryptocurrency poses to the financial system. The central bank chief added that the “Indian economy remains resilient,” emphasizing that the “worst of inflation is behind us.”The governor of India’s central bank, the Reserve Bank of India , cautioned about the risks cryptocurrencies pose to the financial system while commenting on the U.S.
Ongoing U.S. banking crisis drives home the importance of robust regulators, sustainable growth and clearly shows risks of private cryptocurrencies to the financial system.
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Decentralized exchanges📈 are future
😊in agrarian India no bank so far failed due to farmers loan ,it is the rich and social elite who steal the banks so far.Crypto did not screw the banks greed of the so called elite screwed the banks when they tried to counter interest mechanism .And Non-economist knows that .😊
Lets hunt some Witches 😎
With banking system our money is in others hand. With crypto our money is in our own hand and that what's itching. Use itching cream instead.
Yes, it’s revolutionary, and replaced for better and safer
Holi ki thandai utri nhi abhi 🤣🤣🤣
therealcatcoin elonmusk Crypto
He is angry because he was disqualified for the $Arb airdrop.
Imagine blaming crypto for their incompetence 😂 Bitcoin2023
I would say more shows risk old banking poses
MA in History is RBI governor highest education bitcoin
The only risk was sec and their friends got caught with Sams $$$ All a distraction
That's what they all say.
Bank is not only bank they are parasites who suck blood (money) of people in terms of charges and these parasites issued by such RBI governor।
Looks like the governor has been living under a rock for the past decade. Crypto has been around for much longer than the U.S. banking crisis.
What would you expect the Governor to say? He does realize that bank runs, and recessions are the outcomes of Banks' credit lending.
Buy Bitcoin, buy crypto right now, fiat goes to zero in no time, when this suckers say the problem is crypto you can bet that the big problem is the classic financial system, that are trembling they are really afraid to lost their power, let put them under water
Is he dumb? They failed because they are highly leveraged bond funds.
I thought it’s because US spend more than what they can afford and printing fiat endlessly.
Guess what.. Bitcoin doesn’t care, neither do those that understand it’s potential energy.
🤡
He moonlights as an Indian scammer 🤣🤣🤣
Fractional reserve is the reason of all problems, not crypto
Crypto won't be in crisis like bank crypto will be the future
he is history graduate and a suck up...ignore him
It just show how gov hate everything crypto related
Crypto aane ke baad sathiya gaye ho, ya pehle se hi ese ho 🧐
Stay away from india govt Bank ..soon it may collapse ...take your money out ...this news show govt are in panic mood
ये तो पगला है, समझाने से समझे ना ☺️☺️☺️
Aristotle believed Earth was center of universe.Sun & all planets revolve around it.Aristotle's ideas widely accepted by ancient Greeks BUT the first known heliocentric model presented by Aristarchus that placed Sun at center of universe,& Earth revolving around it,got rejected !
he knows nothing
What? Seriously
This day bankers can’t even perform Risk Management.
so... if WW3 starts: crypto's fault recession: crypto's fault inflation: crypto's fault centralized control freak governments: crypto's fault everything is crypto's fault. but faulty banking sector & corrupt politicians are just innocent babies !!
And they can't control the crypto world, same applied for u too
he meant to say opportunity instead of risk.
That is the narrative of global govt syndicate. Throw the bank under the bus to make crypto look like a villain and then go behind crypto to shut it down. Then have full control back..
Agreed.. just like healthy lifestyle is dangerous to hospitals..
eeehhmm ... yeah ... crypto is the same risk for banks as warm water 🙄
Think like USA and be doomed likewise, PERIOD
He should be relieved of duty!! He is clearly misinformed and by making these inaccurate statements shows he is not fit to hold the office he is in!!
Go fix your econemy first, and the 100 of millions whos in poverty and poor and from they are born till death they live in the street or under the bridges
🤡
The banking crisis was directly correlated with steep interest rate hikes and bad risk management by the banking sector. If anything it strengthens bitcoins case as a transparent and immutable store of value
Government mei sab budhe or unka Budha dimag bhare hue hai
What abt the GFC in 2009? 🤣
Why are you spreading these type of base less news
Well. blame all the failures into crypto. What more to expect from
😆
Apni galtiyo ko chipao aur thikra dusro ke upar phod do. Bitcoin RBI Shashikantdas
😡😡😡
Mutitupo...
BS
Indian Governor needs to do some Research & Study ... U.S banking crisis is not related to Crypto .
I wish central bank collapse to zero😂
Govt take Loans distribute to RBI and RBI do the same thing to BANK and BANK gives LOAN to Citizen and every one is earning from Public... and when public refuse that system and go to Bitcoin they are doing wrong thing according to RBIgovernor ..
Cart and Horse, get them in the right order
Well that makes sense, NOT!
Das Shakti kanta koan si drugs leta hai yeh. nind se uth kar aaya hoga or kuch bhi bolne lag gaya. koi na old age hai.
Funny how crypto doesn’t need bailing out but the banks do. Again…. And again….and again. You pour over a 2k$ loan with a fine tooth comb but lend 100m$ loan to companies with multiple bankruptcies. Gtfoh!
This happens when you give Historians a completely different job role. Sir kindly understand cryto is not the reason behind the collapse. Corruption, Printing Notes and policies are! Incompetence cannot be shadowed .
He doesn't even know the difference between crypto and bitcoin 😆🤣
And he is just fighting his final battle to keep his job that's it.
Gone mad
BS
Yeah ok buddy Indian CB Chief. 🤪
Next central bank india〽️〽️〽️〽️〽️ 🤣🤣🤣
Definitely NGMI 🙈
Tell me you can’t be that naive .
WTF US Banking System Crisis has to do with Crypto? 🤡
🤣🤣🤣🤣🤣🤣
How this man become a governor? Please make a research before opening tah mouth.
Are they dumb or lying?
Someone tell him that in 2008 there was no Bitcoin
What a load of bo110x
He is born in this earth by crypto mistake 😂
🤡🌏 Why not say the reality of overprinting money then use inadapted interest rate tool to harness inflation. What the tiny crypto market cap can do for a central bank? May be one day it will wipe them all for the good of humanity. But we are still early
Mr. RBI Governor, What did you do when traders lost lakhs of crores due to Adaani group of companies? is it because of crypto?
Blame on Crypto 🤣🤣🤣🙌🚀
He clearly doesn't understand $BTC, nor can he read a chart 🤣
Bro himself holds $BTC probably 😂
F ideate, who cares about corruption
No... Risk of banking lol wtf wer they get crypto from that
Wut?
People are scared of innovation and you cannot stop progress so let's work together for the best outcome for the consumer
Next he will tell us that the 2008 crisis was caused by crypto. This is how much lies they are ready to tell 🤡
Bitcoin is freedom
It sure is. It exposes the worthless fiat scam
rashtrapatibhvn Your bank will never be anything but under the foot of the west. The fact that you want to harm crypto is why you cannot pull your bank out of the west's control. If you defeat bitcoin The west wins as your central fed bank will be under their foot forever.
So high up in the hierarchy, yet knows so little. Small men with small mind. Where did all the wisdom of the ages go?
2008 bank crisis was also due to crypto.. People are smart enough these days
CLEARLY this Gov, Like GavinNewsom is on CRACK. Ever hear of Ripple's ODL? Yeh... That's what I thought
😂 😂 😂 If he believes that he's in the wrong job
he become mad after getting best central governor awards. banks will never blame themself for their fault instead they will blame crypto as always.
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The financial system is the risk bitcoin is the saviour
LMAO.
What the fuck has to do crypto with the mismanagement of the banks?
Educate him please about block chain technology
This guy was fired as a a reserve bank of India in charge. His talk should always be taken with a grain of salt. There is always a reason why you are fired. The day he left India’s economy took of like a rocket. A loser of the the old administration
Still blaming crypto, lol. This is what happens when people can't stay up to date with the current technology
Crypto made them buy long dated low yield bonds
The more these central bank people speak in public the faster people will buy bitcoin
Lop dolts think crypto causes the crash ?
You are corrupted, shut up !
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