THINGS ABOUT TAMILNADU Tamil Nadu, located in the southernmost part of India, is a state that boasts a rich history and culture. It is known for its stunning temples, delicious cuisine, and vibrant film industry. Tamil Nadu is also home to some of the most beautiful natural landscapes in India, including hill stations, beaches, and forests. History and Culture Tamil Nadu has a long and fascinating history dating back to the ancient Sangam era. The state has seen the rise and fall of various empires and dynasties, including the Cholas, Pandyas, and Vijayanagara Empires. The state has a rich cultural heritage, and Tamil is one of the oldest languages in the world. The state is also home to numerous UNESCO World Heritage Sites, including the Brihadeeswara Temple, the Group of Monuments at Mahabalipuram, and the Great Living Chola Temples. Cuisine Tamil Nadu is known for its delicious cuisine, which is dominated by rice, lentils, and spices. The state is famous for its filter coffee, which...
Go for smart regulation: Banning cryptos totally will be counterproductive. Allow room for asset trading & tech innovation
The second in a three-part series on cryptocurrency
Cryptocurrencies, on which a bill will be tabled in Parliament’s winter session, are booming in value and as a topic of debate. The decentralised technology underlying them is impressive and has many applications. They grew partly as a reaction to the excess liquidity central banks created after the global financial crisis – much like people hold more gold when they expect inflation. It was also an expression of private freedom from possible government manipulation or errors
But unfortunately all past experiments with free banking have never ended well, Cryptocurrencies are not backed by any sovereign. There is no one making a promise to pay as found on sovereign notes. No one is responsible for stabilisation of value, which can fluctuate wildly. The original Bitcoin was limited in supply but innovation has created a variety of cryptocurrencies with different attributes and functions. For example, stable coins are linked to dollars but their backing is non-transparent and falls short in governance standards.
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