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EY Executive Says Bitcoin Has No Practical Use in India

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An EY executive who recently visited India and met with a number of government agencies has voiced his opinion about the future of cryptocurrencies in the country. He believes that bitcoin has no practical use, is just another “foreign” currency, and its widespread adoption could be “very damaging to the global economy.”

Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval

‘No Practical Use’

Paul R. Brody, EY’s Global Innovation Leader (Blockchain), has shared his thoughts on the future of the crypto industry in India after his recent visit to the country. EY is one of ...

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