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Cryptocurrencies a bad omen for gold
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Historically, copper, gold, and silver coins were legal tender in the Indian subcontinent, and other regions across the world. Traditionally, in India, these metals have enjoyed acceptance as ‘sacred metals’ due to their religious, medicinal, and economic importance.
With the rise in its industrial use, copper may have lost its ‘precious’ status, but gold and silver still continue to enjoy the attention. Nowadays, even the acceptance of gold and silver as ‘sacred metals’ is gradually diminishing.
In past few years, the Government of India has made significant efforts to encourage people to own gold in a non-physical form, through sovereign gold bonds (SGBs). In recent years, digital gold has also gained in popularity due to its ease of
Read more on moneycontrol.comAbout this in other media
"Defining Moment For Cryto Startup Community In India": Analysts Remain Optimistic On India's Crypto Bill ndtv.com /2 years ago
Govt looking to add cryptocurrencies to tax law economictimes.indiatimes.com /2 years ago
Indian Crypto Bill To Regulate, Not Ban 'Private Cryptocurrencies' - Report cryptonews.com /2 years ago
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