Crypto can bring about financial inclusion, Infosys chair says

Crypto can bring about financial inclusion, Infosys chair says

Crypto can bring about financial inclusion, Infosys chair says

Information about Crypto can bring about financial inclusion, Infosys chair says

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By Una Galani and Sankalp Phartiyal
MUMBAI (Reuters) -Crypto assets are worth considering and can be used to bring about more financial inclusion, Nandan Nilekani, chairman of software services exporter Infosys , said at the Reuters Next Conference https://reutersevents.com/events/next on Wednesday.
“There is a role for crypto as assets but they obviously will have to follow all the laws and make sure that it doesn’t become a backdoor for money laundering … they have to use that [as] an entry point to get lot of young people into financial markets,” said Nilekani, who co-founded Infosys, India’s No.2 IT company in 1981.
Crypto https://www.reuters.com/business/future-of-moneyis not suitable for transactions because of its high transaction costs and volatility, added Nilekani, a well-networked technocrat who also played a key role in creating India’s 1.3 billion-strong biometric database.
Nilekani’s …

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