Which of the following statements are true in relation to the Crypto currency? Statement-I: These have achieved significant legislative recognition.…
CA Foundation · Business Economics · PYQS · September 2025
Which of the following statements are true in relation to the Crypto currency? Statement-I: These have achieved significant legislative recognition. Statement-II: These are not legally recognized in India as currency. Statement-III: These are not categorized as money. Statement-IV: In India, it serves as a legitimate form of payment for goods and services in the same way as traditional money does.
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. Statement II and III
Topics: Money Market