Ignoring crypto won’t make it disappear; India needs a plan
The RBI has long maintained a cautious stance on crypto, issuing repeated warnings about its risks. However, this raises another question: If crypto has been such a pressing concern, why has India been slow to act on it?
A recent editorial titled “RBI must not fall for Trump’s crypto circus” in the Financial Express (to be referred to as FE for brevity) has raised critical concerns about former U.S. President Donald Trump’s deepening involvement in cryptocurrency. It also highlights potential conflicts of interest and the implications for global financial systems.
According to the article, Trump’s family holds vast crypto assets, and two of his firms control 80 percent of a token valued at over $14 billion on…
