The rise of cryptocurrency is not just limited to startups

Cryptocurrency is not just for startups. It's also a growing trend among large corporations. Currently, 83 countries are experimenting with Central Bank Digital Currencies, which represent 90% of global GDP. These currencies account for 90% of the global GDP. Current experimentation with Central Bank Digital Currencies is underway in 83 nations, which account for 90% global GDP. China, for instance, has prohibited the mining of decentralized cryptocurrencies and has given digital yuan (digital currency) to its citizens. India is, however, unsure how to tax crypto currencies. India's central banking is currently testing CBDC technology to meet the need for regulated digital currencies.