According to V. Anantha Nageswaran, chief economic adviser to the Indian government, the world of cryptocurrencies is like the “Pirates of the Caribbean world” unless it is legally regulated, in which the “winner takes everything”.
According to local sources, Nageswaran believes that cryptocurrencies are both has no fundamental value, both not widely accepted at the community level. as well as an acceptable no unit of account is thinking.
As the 18th chief economic adviser to the Indian government, Nageswaran took over from Krishnamurthy Subramanian.
Saying that he is cautious about cryptocurrencies, “Cryptocurrencies don’t get me very excited because sometimes we don’t fully understand what we might find ourselves up against. So I am cautious when approaching some (new technologies) like decentralized finance, crypto.” said.
Nageswaran while explaining why he is cautious The collapse of the Terra ecosystem brought to the fore and this event “very important” He said it was a lesson.