scorecardresearchCryptocurrencies yet to pass the test to become fiat currency, says CEA Anantha Nageswaran

Cryptocurrencies yet to pass the test to become fiat currency, says CEA Anantha Nageswaran

Updated: 10 Jun 2022, 09:33 AM IST
TL;DR.
Unlike fiat money, crypto currencies cannot satisfy basic requirements such as having store value, widespread acceptability and unit of account.
The CEA agreed with RBI deputy governor T Rabi Sankar who said that as of now there appeared to be a case of regulatory arbitrage about crypto currencies

The CEA agreed with RBI deputy governor T Rabi Sankar who said that as of now there appeared to be a case of regulatory arbitrage about crypto currencies