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‘Crypto is an alternative investment class but a complex derivative’
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livemint.comCryptocurrencies are in murky waters yet again as the government has listed a bill for discussion in the winter session of Parliament, reportedly seeking to ban all private cryptocurrencies.
While some media reports said the proposed ban would encompass all private cryptocurrencies, including their mining, holding and trading, others reported that the government may treat cryptocurrencies as financial assets.
Saugata Bhattacharya, executive vice-president & chief economist, Axis Bank called crypto an alternative investment class such as oil, copper, gold, and equities, but said “...they are complex derivatives."
Bhattacharya was speaking at Mumbai Micro Experience of FinTech Festival India 2021-22.
Mrutyunjay Mahapatra - Member of the
Read more on livemint.comAbout this in other media
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