RBI Governor Shaktikanta Das warns investors against cryptocurrencies; says they lack underlying value of a even tulip
Reserve Bank of India Governor Shaktikanta Das delivered a stark warning against investing in cryptocurrencies, saying they lacked the underlying value of even a tulip - in a reference to a speculative bubble that gripped the Netherlands in the 17th Century.
Das gave his withering assessment of the digital currency craze just days after the Indian government established a taxation framework for cryptocurrencies.