The Governor of the Bank of India said that estimates of the number of cryptocurrency owners in the country are markedly exaggerated and there are far less than 100 million people.
Shaktikanta Das admitted that the number of cryptocurrency investors in India is growing rapidly, but there are far less than 100 million people. This is the number that analysts from BrokerChooser previously named. However, he did not name his version of the number of such investors.
In addition, the official noted, 70% of Indian cryptocurrency owners have invested no more than $ 40 in them. The total investment in digital assets by Indian citizens is estimated at $ 80.5 billion.
“The amount of investment is constantly growing. But I’m not sure about the numbers that analysts are writing. Judging by our information, I would say with some confidence that the number of participants in the cryptocurrency market in India is exaggerated, “Shaktikanta Das emphasized.
The Governor of the Bank of India has once again called cryptocurrencies a serious threat to financial stability. According to him, the regulator continues to investigate this problem. Together with the Indian Ministry of Finance, the agency is preparing a regulatory framework for regulating cryptocurrencies, and the bill could be passed in February next year.