Dear Arjun Govind,

Thank you for reading my work and thank you for sharing that insight with regards to India. 10 years in prison seems unnecessarily harsh for holding onto cryptocurrency — especially from a country that no so long ago sought to abolish the 100 and 500 rupee note.

That a government could unilaterally declare portions of the currency void overnight should be cold comfort for millions of hard working Indian citizens who would hold cryptocurrencies to prevent themselves from being blindsided in such a way.

Whilst central bank-issued cryptocurrencies certainly have their value proposition, I would suggest that the political meddling with currency leaves open to many possibilities for economic hardship that is too often only suffered by those least able to bear it.

Nonetheless, nationally-issued cryptocurrencies certainly opens the door for other cryptocurrencies to enter the conversation, if not now, then perhaps eventually.

Yours,

Patrick