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Why India should not treat cryptocurrencies like Ola and Uber

Why India should not treat cryptocurrencies like Ola and Uber
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An international legal firm has sought to allay the Indian government’s fear of cryptocurrencies. As with any emerging technology, their potential benefits will eventually outweigh the associated risks and concerns, it has told a panel vetting the country’s official policy on digital coins.

“Like electricity, railways, telecommunications, motor vehicles, aircraft, mobile phones, and the internet in the past, many are today concerned about the risks posed by cryptoassets,” says a submission made by the international law firm Nishith Desai Associates to the Subhash Chandra Garg panel set up by India’s finance ministry in November 2017.

Read the full story at https://qz.com/india/1535545/india-cant-treat-bitcoin-other-cryptocurrencies-like-ola-uber/

SOURCE: Quartz

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