Cryptocurrency: Ideal law will ban use as legal tender, allow it to be an asset
The first in a three-part series on cryptocurrency
Suddenly cryptocurrencies (cryptos) are all over – on social media, on our TV screens and on the frontpages of newspapers. At the Sydney Dialogue last week, the Prime Minister called on democracies to work together on cryptos so that ‘they do not fall into the wrong hands and spoil our youth.’ The RBI governor, for his part, has repeatedly expressed concerns about cryptos being a threat to our macroeconomic and financial stability.
Suddenly cryptocurrencies (cryptos) are all over – on social media, on our TV screens and on the frontpages of newspapers. At the Sydney Dialogue last week, the Prime Minister called on democracies to work together on cryptos so that ‘they do not fall into the wrong hands and spoil our youth.’ The RBI governor, for his part, has repeatedly expressed concerns about cryptos being a threat to our macroeconomic and financial stability.