Millennials getting disrupted by cryptocurrencies


Millennials who think they are disrupting the financial system with cryptocurrencies are very likely to get their hands burnt, John Vail, chief global strategist for Nikko AM group, has warned in a strongly worked statement on Forbes.

Vail, the chair of Nikki AM’s Global Investment Committee, said that millennials are going to be at risk of a worldwide clampdown by tax authorities, who are likely to start investigating cryptocurrency tax evasion because they can’t “afford to let cryptocurrencies disrupt their monetary and tax systems.”

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