Cryptocurrency is just a piece of code, not a currency: RBI Deputy Governor
Underscoring the monetary stability and fiscal policy risks, Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar on Friday said that cryptocurrency is not really a currency because it does not have the basic features of money.
Speaking at the Mint Annual BFSI Conclave 2025, the RBI deputy governor described cryptocurrency as ‘just a piece of code,’ which is not even a financial asset or any kind of asset at all.
