Q Why is it in News ?
A Cryptocurrency will be discouraged via taxation and capital gains provisions. This was the message from the Finance Minister during the Budget discussion in Parliament.
Q Why is there Growing worry about the cryptocurrencies ?
A
Q Can Crypto be treated as currency ?
A
Q Why CBDC is not a solution ?
A
Q What can be the Way forward ?
A CBDCs at present cannot be a substitute for cryptos that will soon begin to be used as money. This will impact the functioning of central banks and commercial banks.