MUMBAI: The government’s plan to ban private cryptocurrencies has thrown crypto backers in India into a fight for their survival and their major tool in this battle is to convince the government that cryptocurrencies are not what they are made out to be.
Experts and commentators at the ETMarkets Conclave today pleaded with the government to see the positive side of technological innovation and said that they will welcome any regulations instead of a blanket ban.
“There are enough positive use-cases of cryptocurrencies for India to adopt it rather than ban it,” said Nischal Shetty, founder and chief executive officer at WazirX at ETMarkets Conclave held virtually earlier in the day today.
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As much as the rise in bond yields has been the talk of financial markets the last two weeks, there is something different about how government debt is reacting to signs of an improving economy.
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According to the BlackRock Investment Institute, a 1% increase in 10-year U.S. break-even inflation rates a measure of market inflation expectations has typically led to 0.9% rise in 10-year Treasury yields since 1998. But since March 2020, break-even inflation has climbed 1.2% and nominal yields are up just 0.5%.
Total gains on stake sale of wind and solar farms High treasury yields in focus Bank stocks gain (Updates to market close)
Feb 23 (Reuters) - European shares ended lower on Tuesday as high sovereign bond yields pressured heavyweight sectors such as technology, while a batch of mixed corporate earnings cast doubt over the pace of a post-COVID-19 recovery.
The benchmark euro zone stock index was down 0.4%, with tech stocks leading declines for a second straight session as they retreated further from 20-year highs.
A recent spike in sovereign bond yields also weighed on stocks, as higher returns in fixed income offered investors a safer alternative to relatively riskier equities.
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