Gaurav the writer#

T he row over crypto does not seem ending. In fact, the Indian government’s dilemma failed to draw any rational conclusion. Meanwhile, the looming worries of earning a big dent not only periled the future investment but the economy at large. Government’s plan to turn the economy 5 trillion also seems a far cry. The soaring prices of crypto started taking dips over and over again. The worst part of the story is that the worried Indian investors find it difficult to score their loss as the payment wallet has temporarily withdrawal the payment facility. In addition to that customer care service seems settling their vendetta to make the entire scenario even worst. The worried investors are losing their money at a very fast pace. If the situation prolongs the investors might lose their entire money. In a recent development government has stated that the bill to ban all the crypto currencies will be brought after the approval of cabinet committee. The much awaited decision was yet to come

What brings global dominance, resources, political stability or strong alliance with nations. Undoubtedly, many more options pop up in our mind. But most importantly, the deciding factor is going to be universally accepted global currency backed by strong institutional body. These are two basic factors that goes hand in hand. Strong currency supports strong intuitions and likewise. Here, the most crucial institution is banking. In current scenario when almost all the economies are over coming from much affected covid pandemic, the challenge for every nation is hard to be managed. However, as the old adage goes 'every cloud has a silver lining' India has a great opportunity of pegging the rift amid developed and developing. Unlike a big leap similar to the country like China is much required. One should not forget the learning from history as how china marked it global presence despite getting the independence almost the same time when India got. The ways and means would have be

  Ever since the inception of currency it has evident many changes. However, with change of time the value and acceptance might have changed but not the importance. But the modern era is witnessing a paradigm shift when fiat money is losing its sheen and crypto-currency seems to have outpaced the traditional mode of transaction altogether. The idea of accepting crypto-currency might seem vague and psychic as a constant debate is going on but the reality might differ otherwise. At least that is what oxford dictionary explains, however the logic is partially correct in economic reference. However, the world is witnessing a radical change when people’s acceptance is shifting from fiat money to crypto. In a recent trend leading global investment and securities firm Goldman Sachs announced to launch its own crypto-currency ‘Stablecoin’. Goldman confirms that the stablecoin is available for institutional users only and not for the public. Goldman Sachs is not the first to advocate the crypto