Is it not time to tame the Assets from Inflation and contain Speculative Investments

 Dear Sir,

This refers to your editorial Crypto's wild west moves need taming.(ET 2nd Dec) The  fluctuations seen in Cryptocurrency these days are abnormally abnormal and It is now time to tame the Investors ,  speculative assets and the classes of people who have all assets and wealth to speculate and make the market jittery and unhealthy by sensible regulatory and supervisory initiatives. The cryptocurrencies and stable coins though may have gained currencies and have come to occupy a reasonable  space in the market in terms of participation despite reluctance and acceptance by majority of market players and participants, the continued disturbance , speculative tendencies , and  their own uncertainties as a viable financial products definitely cause a disturbance and irritation perhaps to authorities, the economy and and the stability of the financial market.. In such a scenario, it is advisable to have an open debate and review of the continued existence of such products and their merits and demerits to help the financial system and the  capital and money market and their much needed stability to support the Government and its national objectives.  The curbs if any on these speculative transactions can definitely help to contain the unabated  inflation wildly seen in Gold, silver , real estate and other undesirable activities.  

T V Gopalakrishnan

( This letter was sent to ET on @nd Dec 25).