Cryptocurrencies yet to pass test of fiat currency, difficult to regulate says CEA V Anantha Nageswaran
Chief Economic Adviser V Anantha Nageswaran said on Thursday that cryptocurrencies have yet to pass the test to become fiat currency.
Unlike fiat money, cryptocurrencies cannot satisfy basic requirements such as store value, widespread acceptability, and a unit of account, V Anantha Nageswaran said. Pic: Pixabay