Only crypto that has worked in the world is gold: Uday Kotak
India's richest banker Uday Kotak has said the only cryptocurrency that has worked in the world is gold. He said that like cryptocurrencies, gold is also not issued by any state. He added, "Unless...we have...an alternative currency that has same trust of people as that with gold, it will be very difficult for the authorities to allow any new cryptocurrencies."