RBI’s Gandhi thinks blockchain’s capabilities are being ‘overstated’

blockchain with lock
RBI deputy thinks blockchains benefits are being exaggerated

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: