Top Indian Central Banker Says Cryptos Have a Future But Fears Monopoly

imageCryptocurrency1 hour ago (Aug 20, 2020 07:40AM ET)

Top Indian Central Banker Says Cryptos Have a Future But Fears Monopoly

The former governor of Reserve Bank of India, Raghuram Rajan, said that private cryptocurrencies like Bitcoin (BTC) and Facebook’s Libra may have a future even when central banks roll out their own digital currencies.

Rajan, who was also the Chief Economist and Research Director at the International Monetary Fund from 2003-2006, said during a CNBC podcast that one of these digital currencies might only become problematic if it were to hold a monopoly.

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Top Indian Central Banker Says Cryptos Have a Future But Fears Monopoly

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