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DFS Secretary M Nagaraju cautions against cryptocurrencies
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M Nagaraju, secretary, department of financial services (DFS), expressed strong doubts about cryptocurrencies, urging caution over the asset class. Speaking at the SBI Banking & Economics Conclave, Nagaraju expressed personal and professional doubts about the legitimacy and safety of digital currencies.
«I am very sceptical of cryptocurrency. Not now, not after becoming the financial secretary.
Even as an individual also, I am very doubtful of the entire scheme of cryptocurrency,» Nagaraju said.
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