Today news
About the same in other media
Crypto rules are needed to avoid systemic risks. But how we classify them matter
Reading now: 753
economictimes.indiatimes.comA typical crypto could include cryptocurrencies, virtual assets and digital currencies, among others. However, for the purpose of this discussion, I am focussed on crypto coins, tokens and their derivatives that are cryptographically secured.
Crypto coins work through a distributed ledger technology, which keeps a secured record of individual coin ownership. The ownership can be transferred from one person to another electronically.
Given the digital nativity of these currencies, lack of transparency about trades and traders, and the global ubiquity of the crypto platforms, an unregulated crypto could be a big systemic challenge. A person could purchase crypto coins in a foreign currency abroad and sell it to someone in India, earning
. Read more on economictimes.indiatimes.comAbout this in other media
Expect Robinhood clones to rise if India makes crypto an asset class economictimes.indiatimes.com /3 years ago
Cabinet may discuss Crypto Bill this week economictimes.indiatimes.com /3 years ago
Why India needs to bet on GameFi industry cnbctv18.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
