Cryptocurrencies yet to pass test of fiat currency, difficult to regulate: CEA Anantha Nageswaran
- As an alternative to fiat currencies, cryptocurrencies have to satisfy many purposes, said CEA Nageswaran
Cryptocurrencies have yet to pass the test to become fiat currency, said Chief Economic Adviser V Anantha Nageswaran on Thursday, adding that unlike fiat money, cryptos cannot satisfy basic requirements such as having store value, widespread acceptability and unit of account.
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