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Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark – Economics Bitcoin News

Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has “disproportionate power” as a reserve currency, retracting his previous statement in which he referred

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Crypto Market’s Overreaction to Xi’s Blockchain Remark Prompts Tougher Crackdown

From Nov. 8 to 9, more than 4,000 people attended the World Blockchain Conference in Wuzhen, China, according to the event organizer 8btc. Speakers included representatives from traditional tech firms like Baidu, Alibaba and Tencent, as well as those working in crypto exchanges, funds, projects and mining businesses. Source

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