Crypto will ignite the next financial crisis if it's not banned — just look at the FTX fiasco, India's central bank boss says

Dec 21 2022 by Business Insider

 
FTX's collapse shows that crypto could trigger the next global financial crisis if it's not banned, according to RBI governor Shaktikanta Das.

Marco Bello/Reuters

FTX's bankruptcy filing shows that crypto is a threat to the global financial system, according to Reserve Bank of India governor Shaktikanta Das. Das called for a full ban of the "100% speculative" asset class. "Mark my words, the next financial crisis will come from private cryptocurrencies," he added.

It's time to ban...

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