Indias central bank the Reserve Bank of India RBI has warned about investing in the crypto market following the collapse of cryptocurrency terra LUNA and stablecoin terrausd UST We have been cautioning against crypto and look at what has happened to the crypto market now said Governor Shaktikanta Das

In an interview for TIME magazine PayPals CEO Dan Schulman talked about the payment processor expansion of its crypto service The executive expects a transformation of ecommerce into a personalized experience and contextual purchases driven by social media platforms Bitcoin could spear point such a change and take it to the entire financial system

Since Marchs extreme volatility Bitcoin price action has been far more stable The major cryptocurrency has continued to hover around the 57000 to 58000 price level seeing minimal fluctuations with the Bitcoin Volatility Index sitting at 321

Indias central bank the Reserve Bank of India RBI has warned about investing in the crypto market following the collapse of cryptocurrency terra LUNA and stablecoin terrausd UST We have been cautioning against crypto and look at what has happened to the crypto market now said Governor Shaktikanta Das