Union Finance Ministry has take a decision on a state-issued cryptocurrency soon but ban all private cryptocurrencies. The VHP leader had sought a ban on all cryptocurrencies alleging its usage to fund terrorism, drugs and other 'anti national activities'. As all private cryptocurrencies are still not considered as legal tender or coin in India, but the govt may introduce an official digital currency in India.
I think its a good decision by government.. What you guys think about it?
I think its a good decision by government.. What you guys think about it?
Not a single state, NEVER, will issue a currency that it, the state, cannot manage and control! No, fantastic utopias can exist! Only on paper
And a real state simply cannot exist with an uncontrolled financial and banking system. Therefore, you can forget about the "state cryptocurrency". The maximum that will be - a digital analogue of fiat, but with deeper monitoring, control, management capabilities for each transaction or a single cent!