Crypto Speculation Has Had Its “Comeuppance”: Raghuram Rajan

Crypto Speculation Has Had Its “Comeuppance”: Raghuram Rajan

Central banks, for instance, should not aim to “displace the private sector” by issuing digital iterations of sovereign currencies, Rajan said. He added that central bank digital currencies should, rather than try to compete with the private sector, offer a public platform on which the private sector can operate.

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