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Cryptocurrencies a bad omen for gold
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moneycontrol.comHistorically, 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
Cryptocurrency regulation: Is banning cryptos a logical solution? Experts discuss cnbctv18.com /2 years ago
How cryptocurrency has already divided top Indian policymakers cnbctv18.com /2 years ago
Cryptocurrency not to be banned; SEBI to regulate it, says report cnbctv18.com /2 years ago
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