Critically evaluate whether cryptocurrencies qualify as ‘money’ in India. Also suggest a regulatory approach that preserves innovation without compromising stability. (Answer in 250 words)

Cryptocurrencies promise decentralised, programmable value, but the “money” test is functional: medium of exchange, unit of account, and store of value. In India, assessment must also consider legal-tender status, financial stability, consumer protection and illicit-use risks.

This entry was posted in Uncategorized and tagged . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *