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Cryptocurrencies Not Worth Regulating, Should Be Banned, Says Indian Ex-Secretary

Cryptocurrencies Not Worth Regulating, Should Be Banned, Says Indian Ex-Secretary India's former secretary of economic affairs considers that cryptocurrencies are too much of a menace to simply regulate and should be banned outright from the country.

Pouring more gasoline into a fiery discussion regarding India’s internal cryptocurrency policy, an economic expert in the country comes out and says that the entire phenomenon should be banned.

“Let us accept that it would not be possible to regulate [cryptocurrencies] effectively. Because they will do transactions from their houses. You cannot enter every home to check what transactions are going on. So, I think this is a serious challenge, and this should not be allowed at all,” said Shaktikanta Das, India’s former economic affairs secretary.

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Source:
https://cryptovest.com/news/cryptocurrencies-not-worth-regulating-should-be-banned-says-indian-ex-secretary/