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fficials express skepticism over cryptocurrencies and urge caution for investors

DFS Secretary M. Nagaraju expressed skepticism about cryptocurrencies, emphasizing the need for caution during his remarks at the 11th SBI Banking & Economics Conclave 2024. He highlighted concerns shared by RBI Governor Shaktikanta Das regarding the potential risks cryptocurrencies pose to financial and monetary stability, warning that they could undermine central banks" control over the money supply.

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