18 Aug SC To Conclude Hearing Next Week And More
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Not only the Nobel laureate economist Paul Krugman who has been against Bitcoin since beginning but, Dr. Doom a.k.a Nouriel Roubini, an economist and professor at New York University who was among the first ones to predict the financial crisis of 2007-2008 has hunted down the cryptocurrency Bitcoin and the underlying technology, blockchain. Nouriel went on to say, “Bitcoin is just bullshit” and blockchain is simply a “glorified excel spreadsheet”.
There are clearly two kinds of people; one, who are in favour of Bitcoin and others who are against Bitcoin. In India, the latter group is being led by the government. The Reserve Bank of India has imposed several instructions including barring banks from extending any services to the crypto community. And, since then the matter…
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