Crypto a ‘legit’ case of macro eco risks: MoS IT Chandrasekhar

NEW DELHI: Minister of State for IT and Electronics Rajeev Chandrasekhar on Tuesday said that cryptocurrency presents a “legitimate” case of macro economic risks, and there is a need for it to be regulated.

“… it is a very legit case that crypto represents macro economic risks. It represents many other types of risks. FTX and other cases reaffirm that crypto is not business as usual and crypto is not innovation,” Chandrasekhar said while speaking at the Times Network’s India Digital Fest.

The Minister said that countries and central banks around world are grappling with the problems around crypto