Cryptocurrencies allow a free movement of money across political boundaries, bypassing the traditional banking channels. Increased outflows through the decentralized crypto setup could put downward pressure on national fiat currency. Further, the system can be used for money laundering and terror funding, as India’s Finance Minister Nirmala Sitharaman noted early this year.
Related posts
-
Blockchain Association Tables 5-Point Crypto Agenda For Trump’s Administration
Crypto advocacy group Blockchain Association has reached out to US President-elect Donald Trump and the newly... -
Bitcoin Funding Rates Surge 20% On Major Exchanges — What’s Happening?
The price of Bitcoin picked up this week from where it left off in the previous... -
NFT Fever Cools: Ethereum and Bitcoin NFT Sales Dive Amid Broader Crypto Growth
Non-fungible token (NFT) sales cooled off this week, slipping 9.3% compared to the prior period, even...