Hedging risks
FINANCE Minister Muhammad Aurangzeb’s concerns regarding crypto assets and blockchain technology are quite discernible and not at all misplaced. It seems that, like a responsible steward, he wishes to make sure that the country’s banking and financial sectors have sufficient safety nets installed before Pakistan steps into the age of digital alchemy. Mr Aurangzeb’s cautious approach will invariably place him at odds with younger champions of cryptocurrencies and related technologies, many of whom would like to see the country ‘seize the moment’ without further ado. Nevertheless, it would be wise to act with restraint.........
© Dawn
