It's a good sign that the Indian officials are publically recognising cryptocurrencies, but what I find remarkable is their identfication of crypto-assets. I was having a conversation with my brother and I was urging him to see cryptocurrencies rather as cryptocommodities. Due to the proof-of-work systems we find with most coins cryptos are far removed from the nature of currencies. They hold a lot more longevity than currencies and are definitely more precious..
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