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India central bank warns crypto will cause next fin crisis if allowed to grow
- i67vw3 4y agoThe very same bank which did the demonetization of 500 & 1000 rupee notes [1] which failed spectacularly causing considerable 'macro-economic' instability. The central bank brought new 500 & 2000 rupee notes after demonetization but now they completely removed the overall circulation of 2000 rupee note [2][3]. The whole thing came 'full circle'. [1]: https://en.m.wikipedia.org/wiki/2016_Indian_banknote_demonetisation https://en.m.wikipedia.org/wiki/2016_Indian_banknote_demonet... [2]: https://www.timesnownews.com/explainer/where-did-rs-2000-notes-go-rbi-reports-continuous-decline-article-91854905 https://www.timesnownews.com/explainer/where-did-rs-2000-not... [3]: https://www.thehindu.com/news/national/phase-out-2000-rupee-notes-bjp-mp-sushil-kumar-modi-demands-in-rajya-sabha/article66254127.ece https://www.thehindu.com/news/national/phase-out-2000-rupee-...
- hgsgm 4y ago