India central bank warns crypto will cause next fin crisis if allowed to grow

The very same bank which did the demonetization of 500 & 1000 rupee notes [1] which failed spectacularly causing considerable 'macro-economic' instability.

The central bank brought new 500 & 2000 rupee notes after demonetization but now they completely removed the overall circulation of 2000 rupee note [2][3]. The whole thing came 'full circle'.

[1]: https://en.m.wikipedia.org/wiki/2016_Indian_banknote_demonet...

[2]: https://www.timesnownews.com/explainer/where-did-rs-2000-not...

[3]: https://www.thehindu.com/news/national/phase-out-2000-rupee-...