Much of this has been due to uncertainty over
regulatory moves by governments around the world, in reaction to what was a revolutionary year for the cryptocurrency market as a whole.
The RBI
move is in line with the
government's stance that cryptocurrencies are not legal tender and is also in sync with greater
regulatory scrutiny
by central banks of several other countries including the US, Japan, China and South Korea.
He has argued that failed banks should not be bailed out, Lehman's collapse was not a disaster, AIG should be declared bankrupt, that naked short selling is not a problem, that backdating isn't so bad, insider trading should be legal, many corporate CEOs are underpaid, global solutions are worse than local solutions, Warren Buffett is overrated, Michael Milken is a great American, the collapse of the hedge fund was not a scandal, hedge funds are over-regulated, education is overrated
by the educated, bonuses at successful Wall Street's firms are deserved and possibly undersized, management buyouts are boons to the economy, Enron's management was victimized
by an over-zealous prosecution, Sarbanes - Oxley should be repealed, corporate compliance culture is a disaster, shareholder democracy is overrated, hostile takeovers ought to be revived, the market is permanently
moving away from public ownership of equity in corporations, private partnerships are on the rise, public ignorance is encouraged and manipulated
by governments and corporations, experts overrate expertise,
regulatory agencies are controlled
by the businesses they supposedly regulate and Wall Street is much more fun than people give it credit for.
A carbon tax is quintessentially conservative, Baker's group argues, because it would not increase the size of
government but would reduce it
by canceling out President Barack Obama's climate
regulatory moves.
Despite sweeping concerns of a ban on domestic cryptocurrency exchanges, proposed
by Korea's justice ministry, the Korean
government quashed such fears today while confirming wider
regulatory moves for the local cryptocurrency ecosystem.