Crypto could spark the next financial crisis, says India’s RBI head By Cointelegraph

The governor of the Reserve Bank of India (RBI), Shaktikanta Das, did not mince his words when discussing the crypto sector at a recent conference, asserting that “private” crypto will be behind the next financial crisis.

Speaking at the Business Standard BFSI Insight Summit on Dec. 21, Das argued that private cryptocurrencies — those that are not issued by banks or governments — are backed by nothing and are purely tools for speculation.