Will crypto ever be a legal tender? Cryptocurrencies like Bitcoin or Ethereum will never become a legal tender, Finance Secretary TV Somanathan told ANI adding only the digital rupee issued by the Reserve Bank of India (RBI) would be the legal tender. Speaking to ANI, Finance Secretary said, “Digital rupee will be backed by RBI which will never default.
Will crypto ever replace cash? Financial tech analyst Dan Dolev says that this is definitive proof of crypto not replacing cash ever. According to him, cryptocurrencies are so insignificant mainly because of the reasons why people buy and trade them.
Will government ever regulate crypto? In March 2022, the United States received a long-awaited acknowledgment of the potential for regulation of the crypto industry, an Executive Order on Ensuring Responsible Development of Digital Assets.
Can cryptocurrency be worthless? The president of the European Central Bank says that cryptocurrencies are ‘worthless’ and ‘founded on nothing’. Christine Lagarde said on Dutch television that her son had invested in cryptocurrency, without success.