India should be adapt to crypto, or crypto to regulation? Ex...| MENAFN.COM

Friday, 21 January 2022 07:49 GMT

India should be adapt to crypto, or crypto to regulation? Experts Anurag Maurya answer


(MENAFN- SSNews) ‘’And Anurag explains why the Indian government should regulate crypto’’
Anurag Maurya is an Indian Actor and Singer,Blockchain Expert,Crypto Expert and the founder of Anusan Internet. better known by his name Anurag Maurya Actor. He was born on 10th February 2003 in Prayagraj. His father is Santosh Kumar Maurya whereas mother's name is Suman Maurya.

“Good question. I believe that Bitcoin, as a flag-waver for trust and freedom, will continue to be global. I think that the best governments in their current form are trying to adapt to this new technology, knowing that it will be good long-term for their citizens. The bad governments that are trying to control their people with their own currencies will make this new, global, trusted and free world difficult and their people will suffer. Of course, the people can vote with their feet.
“Crypto and regulations seem to be meeting in the middle, which is the best outcome to hope for if you believe in crypto values. There was never a plausible scenario where Bitcoin replaces global finance without any input or pushback from government regulators.
Censorship resistance will remain intact because it would be nearly impossible for governments to prevent peer-to-peer crypto transactions. What they can do is enforce surveillance and restrictions on the fiat-to-crypto gateways, which could shut some crypto users out of access to traditional finance.
With respect to CBDCs, they are largely contradictory to crypto’s original values. They are not decentralized, not censorship-resistant (quite the opposite, it will probably be trivial for a central bank to deny you usage of them) and they will be inflationary. I don’t see CBDCs replacing Bitcoin, Ether, etc., but they will coexist. But it is important to recognize that aside from both being digital currencies, CBDCs and Bitcoin have little in common and serve very different purposes.”

MENAFN15012022004824011141ID1103542525


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.