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There are enough ways we can regulate cryptos
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economictimes.indiatimes.comcryptos or smoking pot. So the news that the government is looking to regulate cryptos rather than banning them outright is welcome indeed.
While the current crypto valuations seem to be a result of mass frenzy, rather than any intrinsic strength, there is no rational explanation for valuations of most startups either. Most of them seem to be valued based on their ability to burn cash rather than earn it: so cryptos are not such an odd man here after all.
The argument that cryptos are too risky for retail investors looks increasingly untenable, especially after the PayTM IPO. Having said that, I agree that regulating cryptos is not as easy as regulating traditional financial products because we have never seen anything like them before.
. Read more on economictimes.indiatimes.comAbout this in other media
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