RBI’s top exec vouches for “outright ban” on cryptocurrencies, views them as Ponzi schemes
India’s RBI representatives continued to launch strong attacks on cryptocurrency. During a meeting with the Indian Banks’ Association [IBA’s] Annual Banking Technology Conference & Awards on February 14. RBI’s deputy governor T Rabi Sankar fired fresh salvos by demanding an outright ban on digital assets equating them with Ponzi schemes and ‘may even be worse’. […]