Das’s comments came after the Indian government moved to apply stricter regulations on cryptocurrency trading and assets RIYADH: India"s central bank governor, Shaktikanta Das criticised digital tokens in the latest denouncement against cryptocurrencies from officials in the country. Das stated that they have no intrinsic value and pose a threat to financial stability, Bloomberg reported. “Investors in cryptocurrency should keep in mind that they are investing at their own risk. They should also keep in mind that the cryptocurrency has no underlying, not even a tulip,” the Reserve Bank of India chief said on Thursday, referring to the Dutch tulip bulb market bubble in the 17th century. Das’s comments came after the Indian government moved to apply stricter regulations on cryptocurrency trading and assets. In the federal budget speech Feb. 1, Finance Minister Nirmala Sitharaman announced heavy taxes on such transactions, treating them as gains from activities deemed legal albeit discouraging.