Nandan Nilekani, Chairman of Infosys said that Crypto assets are worth considering and can be used to bring about more financial inclusion.
Nilekani's comments come at a time when India's federal government is planning to discourage trading in cryptocurrencies by imposing hefty capital gains and is also looking to classify crypto as an asset class.
He said, “There is a role for crypto as assets, but they obviously will have to follow all the laws and make sure that it doesn't become a backdoor for money laundering, they have to use that as an entry point to get a lot of young people into financial markets.”
He added that Crypto is not suitable for transactions because of its high transaction costs and volatility.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.
