Cryptocurrencies Should Be Banned, Says Former Indian Gov’t Official

News, Regulation | March 13, 2018 By:

Shaktikanta Das, former Secretary of Economic Affairs of India, said that cryptocurrencies should be banned since regulating them would be a tough task.

In an interview with Quartz India, Das, who is currently a member of the 15th Finance Commission, said that there is no way to regulate cryptocurrencies “effectively,” and that is why India would be better off prohibiting them altogether.