Next financial crisis may come from cryptocurrency: RBI Governor Das said 'It has no concrete value, it should be banned'

National Desk:
RBI Governor Shaktikanta Das has described cryptocurrencies like bitcoin as a threat to the Indian economy.  Speaking at the BFSI Insight Summit organized by Business Standard, Shaktikanta Das said that the next financial crisis may come because of these.
RBI governor says that it has no underlying value.  Furthermore, private cryptocurrencies are a major threat to financial stability.  Private crypto means that they are not controlled by any central regulator.  He said that they should be banned.
Stating the data, Shaktikanta Das said that the value of cryptocurrencies is now USD 140 billion.  This year its valuation has declined by about US $ 40 billion.
On inflation, Das said there has been a "very coordinated effort" between the government and the central bank to control inflation.  He further said that some of our previous estimates on inflation and growth have been almost accurate.