Category: foreign exchange regulations

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Legal Experts Say It’s Too Late to Ban Crypto, India Needs Comprehensive Regulation

December 29, 2021

Indian legal experts reportedly say that it is too late to ban cryptocurrency despite calls for a complete crypto ban by the central bank, the Reserve Bank of India (RBI). The Swadeshi Jagran Manch (SJM), an affiliate of the nationalist Rashtriya Swayamsevak Sangh, also passed a resolution calling for an outright ban on crypto. Meanwhile,…
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Cryptocurrencies Have ‘No Intrinsic Value’ Says South African Hedge Fund Guru

October 4, 2021

Jean-Pierre Verster, the founder of a South African hedge fund Protea Capital Management, has said he does not believe there is “intrinsic value” in cryptocurrencies. He insists that cryptocurrencies have “elements of a Ponzi scheme” and for that reason, he has not invested in them. A ‘Wonderful Technology’ In remarks made during an interview,…
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