One explanation is that it is more difficult for growth opportunities and benefits to reach people whose residential locations, industries, and skills have not been incorporated into global value chains. It will be essential for policy makers in Asia to continue to introduce domestic policies that can enhance the inclusiveness of their hard-earned economic growth. II.
Secondly, historically, a currency has always been either a commodity with intrinsic value or a debt instrument. Cryptocurrencies do not conform to this understanding of a currency as they do not have an issuer, they are not an instrument of debt, or commodities nor do they have any intrinsic value. Currency needs trust, not everything that can be trusted is a currency.