Too Long; Didn't Read
India’s Finance Minister, Nirmala Sitharaman, on the 1st of February, finally ended the uncertainty surrounding HODLing and trading cryptocurrencies. The draft of the Indian budget was released by the Finance Minister on February 1st. Here are the two relevant sections (as screenshots) on: The Digital Rupee: What It Means: Introduction of Central Bank Digital Currency (CBDC) will give a big boost to digital economy. The CBDCs shall be centrally controlled by the Governments. A CBDC, despite it failing all of the tests of a generally accepted understanding of a cryptocurrency, is very similar to what we have as certain stablecoins today.