Banning cryptos totally will be counterproductive. Allow room for asset trading & tech innovation
The second in a three-part series on cryptocurrency
Cryptocurrencies, on which a bill will be tabled in Parliament’s winter session, are booming in value and as a topic of debate. The decentralised technology underlying them is impressive and has many applications. They grew partly as a reaction to the excess liquidity central banks created after the global financial crisis – much like people hold more gold when they expect inflation. It was also an expression of private freedom from possible government manipulation or errors.
Cryptocurrencies, on which a bill will be tabled in Parliament’s winter session, are booming in value and as a topic of debate. The decentralised technology underlying them is impressive and has many applications. They grew partly as a reaction to the excess liquidity central banks created after the global financial crisis – much like people hold more gold when they expect inflation. It was also an expression of private freedom from possible government manipulation or errors.