Indian government's chief economic adviser warns of danger in crypto, defi without regulation

06/12 23:09

According to News.Bitcoin, the Indian government’s chief economic adviser (CEA), V. Anantha Nageswaran, reportedly warned about the danger of crypto and the risks posed by its lack of regulation Thursday at an Assocham event. Referring to cryptocurrency, he was quoted by local media as saying: "The more decentralized they become and the absence of a watchdog or a centralized regulatory authority also means that there is a world of Caribbean pirates or a world of ‘winner take all’ in terms of being able to really take it all from somebody else." The government’s economic adviser explained that he agreed with Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar on crypto and decentralized finance (defi). The RBI official has warned that there currently appears to be a case of regulatory arbitrage with regard to crypto and defi rather than true financial innovation.
bullishbullishbullish2bearishbearishbearish1ЛайкПоделиться
Заявление об освобождении от ответственностиМатериалы выше не представляют собой позицию HTX.HTX не дает никаких торговых рекомендаций.

Статьи по теме

  • Image

    Bitcoin Bulls Are Back In Action And They’re Looking To Close This CME Gap

  • Image

    VItalik Buterin Defends Long-Term Vision Amid Token Price Concerns

  • Image

    Bitcoin Bottom May Be 2 Months Away, On-Chain Data Suggests

Все комментарии0НовыеВ тренде

avatar
НовыеВ тренде

Статьи по теме

  • Image

    Bitcoin Bulls Are Back In Action And They’re Looking To Close This CME Gap

  • Image

    VItalik Buterin Defends Long-Term Vision Amid Token Price Concerns

  • Image

    Bitcoin Bottom May Be 2 Months Away, On-Chain Data Suggests