Governor of the Reserve Bank of India: Cryptocurrencies should be banned in favor of adopting CBDC

ChainCatcher news, Indian central bank governor Shaktikanta Das stated, "Cryptocurrency trading is a hundred percent speculative activity and should be banned. If we try to regulate it and allow it to grow, the next financial crisis will come from private cryptocurrencies."

In addition, Shaktikanta Das mentioned that CBDCs should be adopted instead of cryptocurrencies, as this would reduce the need for printing fiat currency and help expedite international transactions. (source link)