Thursday, April 25, 2024

TOPIC

cryptocurrency

The future of money

If all the private crypto currencies will be taxed at such a high rate in India, it would simply push them underground, into the domain of illegal trade and dark web.

Should Crypto be legalized in India

The crypto, as well as fiat money, are quite similar in this sense since none of them is backed by anything. So the things would go in a similar fashion for both except the fact that crashing crypto is not as easy as fiat money laundering.

Why the Government of India must NOT rush to ban crypto currencies

While the corporates in developed world adopt this innovation, a government ban would become a bottleneck for India Inc.

Cryptocurrency – Will internet of money die a silent death in India?

Bitcoin is an innovative form of money. Until it evolves, it should be treated as an asset instead of currency. Banning will lead to many economical crisis like loss of employment, pushing India behind in innovation, loss in income tax as well as illegal usage.

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