Digital Currency the ‘New Normal’, says Indian Finance Minister After Cash Curb
As India and its citizens continue to feel the aftermath of the unexpected and unprecedented demonetization event – the ban of Rs 500 and Rs 1,000 notes, two of India’s biggest bank notes – Finance Minister Arun Jaitley has pointed a silver lining – “less cash transactions and an increase in digital currency.” <<< READ FULL NEWS >>>
Unfortunately for the people of India, homeboy Jaitley is referring to digital versions of government monopoly money, not cryptocurrency. They just want an easier way to track everything and tax tax tax..
Totally agree. The future is digital not fiat..!! Thanks for sharing. Upvoted.
I made a post recently. You may like to see it.
The scalability of Steem and Steemit is simply mind blowing..!!
https://steemit.com/steemit/@stephenkendal/the-scalability-of-steem-and-steemit-is-simply-mind-blowing
Thanks again for sharing your blog. Stephen
Yes, however I believe they are suggesting the use of digital fiat, not crypto.
The role of Central Banks will drastically change in the coming few years as BLOCKCHAIN essentially replaces the bulk of what Central Banks are doing at the moment. Thanks for the comment. I appreciate the feedback. Stephen
I surely hope so! Blockchain might be the future, however I don't think that a central bank will be the group of people to get that ball rolling.
They are already doing it. Stephen
I apologize for being a dick, I miunderstood you.
haha no problem. Stephen