The RBI refuses to classify a cryptocurrency as an asset since it doesn't have future cash flow and its value is always fluctuating because of speculation. There is also no consumer protection, observes Tamal Bandyopadhyay, and hence the e-rupee trial run.
"In the current, weak-Dollar situation," says German economist Peter Bofinger in an interview with Der Spiegel, "a treaty should be signed by the central banks of China, South Korea, Japan, Russia and other countries that have huge Dollar reserves...so that they don't dump massive amounts of dollar onto the market.
The chaos on its stock markets, a fierce battle between the old and new guard in the Communist Party and the restive border provinces of Tibet and Xinjiang forebode tough times ahead for China, says Claude Arpi.
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