Private Cryptocurrencies’ Growth Can Bring Next Financial Crisis: RBI Governor

Private Cryptocurrencies’ Growth Can Bring Next Financial Crisis: RBI Governor

Reserve Bank Governor Shaktikanta Das on Wednesday warned that allowing private cryptocurrencies to grow can precipitate the next financial crisis. Speaking at the BFSI Insight Summit in Mumbai, Das also said the government and the central bank have been working in a coordinated manner to tame inflation and the Centre is “equally serious” about curbing price … Read more

Sam Bankman-Fried Signs Legal Papers Clearing Way for US Extradition

Sam Bankman-Fried Signs Legal Papers Clearing Way for US Extradition

FTX founder Sam Bankman-Fried has signed legal papers paving the way for his extradition from The Bahamas to the United States, where he faces fraud charges over the cryptocurrency exchange’s collapse, a Bahamas official said on Tuesday. Doan Cleare, The Bahamas’ acting commissioner of Corrections, told Reuters the documents were signed around noon on Tuesday. … Read more