#ExpertOpinion | Digital Currency – Understanding the Risks
In an interview with Ankur Malhotra, Director at Mazars in India, Mr. Rahul Singhal (CA) touches upon the importance of understanding the risks of using digital currency and how that can prevent circumstances leading to the failure of our financial services.
"A CBDC has potential benefits. It would check illegal activities that rely on anonymous cash transactions. It would bring more economic activity out of the shadows and into the formal economy, making it harder to evade taxes. The above is possible because of the digital trail that is present in the digital eco-system."- Rahul Singhal, Subject Matter Expert
