India’s billionaire banker, markets regulator, open up on digital currency
Uday Kotak, the founder of India’s third largest private bank, Kotak Mahindra, has labeled digital currency as an “alternate market currency,” even as the nation’s Finance Minister, Nirmala Sitharaman, made it clear that digital currency cannot be a legal currency. Simultaneously, India’s securities and commodities regulator aims to introduce faster trade settlements to compete with digital currency. An important “aspect …
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