V.Anantha Nageswaran, chief economic adviser in India, spoke about the danger of non-regulated digital assets this Thursday. In his mind, how decentralized the crypto market is coupled with the absence of an overseeing government body makes for a lawless and unfair ecosystem where “winner takes all” ideologies shine.
The adviser stated that he agrees with the notion that cryptocurrencies aren’t actually innovative, more so that they are destructive. Although, he refrains from conforming to one side or the other, saying that he’s yet to find sufficient evidence both for the destructive and innovative tendencies cryptocurrency brings to the market.
