New Delhi: Cryptocurrencys can be used for illegal activities such as drugs and trafficking, and non-regulated crypto exchanges and products must be completely prohibited, MP BJP Nishikant Dubey wrote to Prime Minister Narendra Modi in a letter on November 1, and available on the day Wednesday .
In his letter, the Dubey fought for a feasible and legitimate alternative to the Cryptocurrency in the form of the Digital Currency of the Central Bank (CBDC), which some central banks were exploring use in their economy.
Digital currencies issued by the central bank can delete intermediaries, such as retail banks, and will use blockchain to ensure it is not replicated or hacked, said Dubey.
“Cryptocurrency can be used anywhere and cannot be easily traced,” said Jharkhand Parliament.