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Cyprto and Digital Currency

  Jun 14, 2022

Cyprto and Digital Currency

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 ?

Q Can Crypto  be treated as currency ?

Q Why CBDC is not a solution ?

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.