India: Cryptocurrencies akin to Ponzi schemes, says RBI deputy

India: Cryptocurrencies akin to Ponzi schemes, says RBI deputy

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Cryptocurrencies are akin to Ponzi schemes or worse and banning them is the most sensible option for India to avoid the threat they pose to financial and macroeconomic stability, a deputy governor at the Reserve Bank of India (RBI) said on Monday.

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