The RBI governor Shaktikanta Das has once again cautioned investors against cryptocurrencies, saying that they do not have any underlying value whatsoever, “not even a tulip".
He also stressed on the fact that private cryptocurrencies are a threat to macroeconomic and financial stability and investors, who are investing at their own risk, should keep risks in mind.
The warning from Das comes days after Union Budget imposed a 30% tax on gains from sale of virtual currencies.
This is not the first time that the RBI governor has expressed concerns over digital currencies.
In November, Das said that that cryptocurrencies are serious threats to the macroeconomic and financial stability of the country and also doubted the number of investors trading on them as well as their claimed market value.
