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Crypto world claims digital currency is panacea but truth somewhere in between: CEA KV Subramanian
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crypto as an asset and crypto as a currency. Across time, only currencies issued by sovereigns have got legitimacy.
What provides currency a credence is the fact that it is backed by a sovereign, he said in an interview to ET NOW. An important aspect that has to be factored in while talking about a virtual currency is that there is nothing to back the price of a crypto.
«For example, for a stock, the cash flows of that firm is what is actually the backing for that stock. If you take gold, you
. Read more on economictimes.indiatimes.comAbout this in other media
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