Indian Government’s Chief Economic Adviser Warns of Danger in Crypto, Defi Wi...
The Indian government’s chief economic adviser has warned about innovations like crypto and decentralized finance (defi) in the absence of regulation. “We may not be fully aware or comprehend the kind of forces we are unleashing ourselves,” he opined. Indian Government’s Chief Economic Adviser Skeptical of Crypto, Defi, Decentralization The Indian government’s chief economic adviser (CEA), V. Anantha Nageswaran, reportedly warned about the danger of crypto and the risks posed by its lack of regulation Thursday at an Assocham event. Referring to....
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In a new major report submitted by the Chief Scientific Adviser of the UK today, the government’s Chief Scientist Sir Mark Walport explained the innovation has the potential to help governance to politicians and leaders of authority. The report, titled ‘Distributed Ledger Technology: Beyond Block chain’ sees Sir Mark Walport explain how distributed ledger technology or the blockchain can help governments collect taxes, issue passports, deliver benefits and “ensure the integrity of government records and services. The introduction is clear in pinning the origins of the blockchain, which it....
Amid the government’s war against cash, local authorities have begun to regulate and restrict gold, a store of value that has been the foundation of the Indian culture and society. Gold holders are being taxed and threatened, as the Indian government continues to fight “black money.” However, one major issue persists in the government’s impractical strategy to eliminate illicit transfer of funds. That is, regardless of the intentions of the Indian government and Prime Minister Narendra Modi, it is the general population or 99% of citizens and residents that are being negatively affected by....
The CEO of investment management firm Richard Bernstein Advisors warns that cryptocurrencies are the biggest financial bubble in history. He advises investors to stay away from “bubble assets,” which include cryptocurrencies.
Investment Adviser Sees Cryptos as the Biggest Financial Bubble in History
Richard Bernstein, CEO of Richard Bernstein Advisors (RBA), shared his view on where the crypto market is heading and how investors should approach 2022 in an interview with CNBC Friday.
Bernstein is also the founder and chief investment officer of RBA, an....
The U.K.’s chief scientific adviser has urged the government to adopt the blockchain technology that powers Bitcoin to run various public services, BBC News reports. The recommendation comes in the form of a new report produced by the U.K. Government Office for Science, edited by Sir Mark Walport, chief scientific adviser, which looks at the future of distributed ledger (or blockchain) technology and advocates the use of blockchains for a variety of services. The report, titled “Distributed ledger technology: beyond block chain,” explores how distributed ledger technology can revolutionize....
Blueprint Capital Advisors CEO Jacob Walthour says it’s a mistake to ignore crypto as an asset class. He also predicts that crypto will outperform equities in the foreseeable future. Investment Adviser Expects Crypto to Outperform Equities Jacob Walthour, CEO and co-founder of Blueprint Capital Advisors, discussed his outlook for the crypto and equity markets in an interview with CNBC Wednesday. Walthour has over 25 years of experience in capital markets, traditional, and alternative asset management. “At this stage, we have to think back to how it all started,” he....