<ul><li>Reserve Bank of India's governor Shaktikanta Das warns against allowing cryptocurrencies to dominate the financial system due to risks to financial stability, monetary stability, and the banking sector.</li><li>Das highlights the challenges of managing liquidity and controlling inflation in times of crisis if central banks lose control over the money supply.</li><li>He emphasizes the need for international cooperation and an understanding of the risks associated with cryptocurrencies.</li><li>The Reserve Bank of India has raised serious concerns about cryptocurrencies as major risks to financial stability.</li></ul>

RBI Warns Against Crypto Dominance Amid Surge In Cyberattacks

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