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Hey there, crypto-curious readers! It’s Durgesh, your favorite crypto clown, back with the latest scoop on the Reserve Bank of India (RBI) and their crypto stance. 🤡
So, guess what? The RBI Governor, Shaktikanta Das, just dropped a bombshell on the crypto world. He’s like the unyielding traffic cop of the crypto highway, waving his “No Bitcoin” sign. 🚫💰
Das made it loud and clear that the RBI isn’t budging when it comes to banning crypto. No, sir! In his own words, he said, “Crypto, you say? We’re still a solid 10 on the ‘Nope’ scale. We’re not jumping on that crypto train anytime soon.” 🚂🙅♂️
But hold on, the International Monetary Fund-Financial Stability Board (IMF-FSB) came up with a paper that suggested there are some risks in the world of crypto. And here’s where it gets interesting. They believe in a 0 to 10 scale for crypto regulation. Zero means it’s a free-for-all, and 10 is a big, fat no-go. So, where does the RBI stand? Well, they’re pretty much camped out at a cozy 10. 🏕️
Das even dropped this gem at a conference: “We’re looking at the granular details of regulation.” Granular? I guess we’re talking more like, “This is sugar, and this is salt” kind of granular, rather than Bitcoin granular. 🧂🤣
Now, here’s where it gets spicy. The G20 finance ministers and central bank governors were like, “Hey, let’s talk about regulating crypto,” and the Indian crypto industry was all ears, hoping for a glimmer of hope. 🌟 But, RBI’s stance? It’s like a bucket of cold water at a pool party. They’re not buying it. 💧
The RBI’s sticking to their guns, saying that an outright ban is the way to go. 🚫💼🙅♂️
And as if that weren’t enough, Das talked about high domestic interest rates, inflation, and food. Seriously, guys, he covered everything except how to order a pizza with Bitcoin. 🍕🤷♂️
So, there you have it, folks! The RBI isn’t budging, and they’re still not buying into the crypto craze. Stay tuned for more crypto comedy and updates from yours truly, Durgesh, the crypto jester! 😄💰
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