technology

Granting cryptos the status of financial asset fraught with risks: CEA

Granting cryptos the status of financial asset fraught with risks: CEA

Chief Economic Adviser KV Subramanian said granting cryptocurrencies the status of a financial asset is fraught with risks currently. A cryptocurrency doesnt derive its value from any underlying assets or earnings...So, valuation can be easily swayed with speculative bids, causing excessive volatility, he added. Retail investors...would struggle to cope with such wild fluctuations, he said..

technology 2021-12-06 Inshorts