Jhunjhunwala shared his thoughts during an interview with CNBC on Tuesday. He opined that a hangover from the crypto market far outweighs the euphoria from gains. The billionaire was quite specific about want he wants the government to do, stating that:
Indian crypto enthusiasts have been forced to deal with unstable regulatory policies. Back in March 2020, the Supreme Court overturned an earlier ban by the Reserve Bank of India (RBI) stopping commercial banks from servicing crypto exchanges. A few months after the ban was lifted, the RBI is back threatening to ban all private cryptocurrencies.
In place of all cryptocurrencies like Bitcoin, Jhunjhunwala is proposing that the government should focus on developing its digital rupee.
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Source: Cryptocurrency - investing.com
