The issue of cryptocurrency has always been contentious. Countries viewed it at first as a challenge to their sovereignty and in the age of fiat currency more so, as the saying goes that no one can stop an idea whose time has come, as technology grew governments have fallen in line. President trump acting on his pre poll declaration has signed an executive order allowing for forming a strategic cryptocurrency reserve. The order says that it would capitalize all forfeited and confiscated cryptocurrencies and build a strategic reserve to control the fluctuations in the market and to lead the futuristic currency which he called digital gold. Meanwhile Indian government stand on cryptocurrency remains vague while the government has not legalized it yet but has put its trade under the highest tax bracket hinting at its decriminalization. Blockchain technology is here to stay and democratizing currency and banking can be leveraged to the poor financial infrastructure and access.
