Some real information about Cripto currency

Hey gues, I am shereing you some information which you need to know.In my opinion, while it is considered innovation, "I would reserve my judgement whether it is truly innovative or truly disruptive in a positive sense or is it something that we will come to regret."

I know a man .which name is Mr.Nageswaran.

Mr.Nageswaran said that he agreed with RBI Deputy Governor T. Rabi Sankar who had been saying that as of now there appeared to be a case of regulatory arbitrage with regard to cryptocurrencies and decentralised finance rather than a case of true financial innovation.

As an alternative to fiat currencies, he said cryptocurrencies have "to satisfy many purposes. It has to be a store of value, it has to have widespread acceptability and it has to be a unit of account. In all these cases the new 'innovations ' such as crypto or DeFI are yet to pass the test.

"So I wouldn't be very excited by them because sometimes we may not be fully aware or comprehend the kind of forces we are unleashing ourselves. So I would be somewhat guarded in my welcome of some of these Fintech based disruptions like defi and crypto etc," Mr.Nageswaran said at an assocham event.