A renowned economist who is a member of India’s Monetary Policy Committee says that a total cryptocurrency ban is difficult to implement and “would only increase illegal activities and participation in the darknet.” She believes that crypto assets should be regulated.
Monetary Policy Committee Member Says a Complete Crypto Ban Is Difficult to Implement
Ashima Goyal, a member of India’s Monetary Policy Committee, talked about cryptocurrency in an interview with PTI on Sunday. The Monetary Policy Committee (MPC) determines the policy interest rate required to achieve the inflation target.
Goyal has served on several government committees, including the Prime Minister’s Economic Advisory Council and the Reserve Bank of India (RBI) technical advisory committee for monetary policy. She is widely published in institutional and open economy macroeconomics, international finance, and governance.
Replying to a question about cryptocurrencies, she said they should be called crypto toke
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