RBI’s Gandhi thinks blockchain’s capabilities are being ‘overstated’
Deputy governor says virtual currencies issues on a blockchain network pose a number of risks
A deputy governor of the Reserve Bank of India has said he believes the potential of blockchain in the field of digital currencies is being "overstated".
Speaking at the Fintech Conference 2017 in Mumbai, R Gandhi argued against the view that blockchain is the "death knell of currency".
Gandhi has been a strong advocate of the benefits blockchain could reap for the financial industry, but he believes virtual currency – when issued without the governance of a central bank – would pose
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