--- title: "Meaning & Key Takeaway of: Many countries are looking at the virtual…" description: "\"Many countries are looking at the virtual currency and the digital currency. Now, the issue is a virtual currency by the government, digital currency b..." image: "https://sms4smile.com/quotes/i/09e/anurag-thakur-5704_digital_many-countries-are-looking-at-the-virtua_1861673.jpg" --- # Many countries are looking at the virtual currency and the… ![“Many countries are looking at the virtual currency and the digital currency. Now, the issue is a virtual currency by the government, digital currency by the government that is one area to look but on the other hand, there are private cryptocurrencies as well.” quote by Anurag Thakur](https://sms4smile.com/quotes/i/09e/anurag-thakur-5704_digital_many-countries-are-looking-at-the-virtua_1861673.jpg) [Download](https://sms4smile.com/quotes/i/09e/anurag-thakur-5704_digital_many-countries-are-looking-at-the-virtua_1861673.jpg) [Open image](https://sms4smile.com/quotes/i/09e/anurag-thakur-5704_digital_many-countries-are-looking-at-the-virtua_1861673.jpg) > “Many countries are looking at the virtual currency and the digital currency. Now, the issue is a virtual currency by the government, digital currency by the government that is one area to look but on the other hand, there are private cryptocurrencies as well.” [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Discussion of government-issued virtual and digital currencies versus private cryptocurrencies. **In simple terms:** Compare state and private digital money. Key Takeaway Consider implications of digital currency. Themes economics technology policy Mood analytical concerned Type informative policy When to use this quote - banking - e‑commerce - regulation - investment Key Concepts cryptocurrency monetary policy Questions to Reflect On - What risks do private cryptocurrencies pose? - How can governments ensure security? A Different Perspective Balancing innovation with regulation is challenging. ★ ★ ★ ★ ★ No ratings yet [Currency Digital](https://sms4smile.com/quotes/about/currency-digital-1407431/) [Currency Government](https://sms4smile.com/quotes/about/currency-government-2510526/) [Digital](https://sms4smile.com/quotes/about/digital/) [Digital Currency](https://sms4smile.com/quotes/about/digital-currency-588174/) [Government](https://sms4smile.com/quotes/about/government/) [Look](https://sms4smile.com/quotes/about/look/) [Looking](https://sms4smile.com/quotes/about/looking/) [Now](https://sms4smile.com/quotes/about/now/) [Politics](https://sms4smile.com/quotes/about/politics/) [Private Cryptocurrencies](https://sms4smile.com/quotes/about/private-cryptocurrencies-2510527/) [Virtual Currency](https://sms4smile.com/quotes/about/virtual-currency-1414336/) ## Related quotes > [The regulator banned cryptocurrency... then there was an order from the Supreme Court. So, in the absence of any strong law, it was very…](https://sms4smile.com/quotes/anurag-thakur/the-regulator-banned-cryptocurrency-then-there-was-an-order-from-the/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [Earlier, physical currency used to dominate. Now, mobile currency or digital currency is dominating. For digital currency, fintech is very crucial.](https://sms4smile.com/quotes/n-chandrababu-naidu/earlier-physical-currency-used-to-dominate-now-mobile-currency-or/) [N. Chandrababu Naidu](https://sms4smile.com/quotes/author/n-chandrababu-naidu/) > [I think that the future of currency is digital, and Bitcoin has a good shot at being the currency of the future.](https://sms4smile.com/quotes/adam-draper/i-think-that-the-future-of-currency-is-digital-and-bitcoin-has-a-good/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [You look at what China is doing to our country in terms of making our product. They're devaluing their currency, and there's nobody in…](https://sms4smile.com/quotes/donald-trump/you-look-at-what-china-is-doing-to-our-country-in-terms-of-making-our/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [Bitcoin is not a currency for a government; it is a global currency for the people.](https://sms4smile.com/quotes/wences-casares/bitcoin-is-not-a-currency-for-a-government-it-is-a-global-currency/) [Wences Casares](https://sms4smile.com/quotes/author/wences-casares/) > [Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.](https://sms4smile.com/quotes/nassim-nicholas-taleb/bitcoin-is-the-beginning-of-something-great-a-currency-without-a/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [“A payment channel is a state channel where the state being altered is the balance of a virtual currency.”](https://sms4smile.com/quotes/andreas-m-antonopoulos/a-payment-channel-is-a-state-channel-where-the-state-being-altered-is/) [Andreas M. Antonopoulos](https://sms4smile.com/quotes/author/andreas-m-antonopoulos/) > [In March 2013, FinCEN issued guidance for virtual currency businesses - giving the industry some degree of clarity about how to be compliant on…](https://sms4smile.com/quotes/perianne-boring/in-march-2013-fincen-issued-guidance-for-virtual-currency-businesses/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [I would like to implore all the governments of the world to come together to form a protocol to regulate virtual currency.](https://sms4smile.com/quotes/ravi-subramanian/i-would-like-to-implore-all-the-governments-of-the-world-to-come/) [Ravi Subramanian](https://sms4smile.com/quotes/author/ravi-subramanian/) > [“Japan was the only place Roger had encountered where people’s response, when he described Bitcoin, was to call it scary—rather than interesting or silly.…](https://sms4smile.com/quotes/nathaniel-popper/japan-was-the-only-place-roger-had-encountered-where-people-s/) [Nathaniel Popper](https://sms4smile.com/quotes/author/nathaniel-popper/) > [“If there was ever a time that Silicon Valley believed it could revive the long-deferred dream of reinventing money, this was it. A virtual…](https://sms4smile.com/quotes/nathaniel-popper/if-there-was-ever-a-time-that-silicon-valley-believed-it-could-revive/) [Nathaniel Popper](https://sms4smile.com/quotes/author/nathaniel-popper/) > [Bitcoin has been described as a decentralized, peer-to-peer virtual currency that is used like money - it can be exchanged for traditional currencies such…](https://sms4smile.com/quotes/perianne-boring/bitcoin-has-been-described-as-a-decentralized-peer-to-peer-virtual/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Virtual currency, where it's called a bitcoin vs. a U.S. dollar, that's going to be stopped. No government will ever support a virtual currency…](https://sms4smile.com/quotes/jamie-dimon/virtual-currency-where-it-s-called-a-bitcoin-vs-a-u-s-dollar-that-s/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [It's important to understand how Coinbase thinks about regulation and compliance in the digital currency space. As an exchange, we view compliance as key…](https://sms4smile.com/quotes/brian-armstrong/it-s-important-to-understand-how-coinbase-thinks-about-regulation-and/) [Brian Armstrong](https://sms4smile.com/quotes/author/brian-armstrong/) > [In a world with many blockchains and hundreds of tradable tokens built on top of them, entire industries are automated through software, venture capital…](https://sms4smile.com/quotes/olaf-carlson-wee/in-a-world-with-many-blockchains-and-hundreds-of-tradable-tokens/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) ## More by Anurag Thakur > [India should emerge as a destination that attracts people to invest here, which, in turn, will give a boost to investment, industrial growth and…](https://sms4smile.com/quotes/anurag-thakur/india-should-emerge-as-a-destination-that-attracts-people-to-invest/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [Various economists and experts had suggested increasing government spending to fight COVID-19, to help the poor survive. On the other hand, businesses were helped…](https://sms4smile.com/quotes/anurag-thakur/various-economists-and-experts-had-suggested-increasing-government/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [We take all elections seriously. We are 24/7 politicians working for the interests of the country and its people. We are not like others…](https://sms4smile.com/quotes/anurag-thakur/we-take-all-elections-seriously-we-are-24-7-politicians-working-for/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [The government is simply working to ensure that the farmers get better price discovery for their produce.](https://sms4smile.com/quotes/anurag-thakur/the-government-is-simply-working-to-ensure-that-the-farmers-get/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [If you have a look a few years back down the line then you will find that the previous government had made a big…](https://sms4smile.com/quotes/anurag-thakur/if-you-have-a-look-a-few-years-back-down-the-line-then-you-will-find/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [Corporate tax rate cut is a big decision and giving tax exemption of up to Rs 1.45 lakh crore in a year is not…](https://sms4smile.com/quotes/anurag-thakur/corporate-tax-rate-cut-is-a-big-decision-and-giving-tax-exemption-of/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [The Finance Ministry will ensure regular assessment so that our announcements, especially those pertaining to the banking sector, are implemented in a time-bound manner.…](https://sms4smile.com/quotes/anurag-thakur/the-finance-ministry-will-ensure-regular-assessment-so-that-our/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [We want your pre-field income tax returns to reach to you and we are working on it. We are also working to simplify GST…](https://sms4smile.com/quotes/anurag-thakur/we-want-your-pre-field-income-tax-returns-to-reach-to-you-and-we-are/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [I am a small party worker. I tried to perform in Parliament. Maximum attendance, maximum number of questions asked and maximum participation in debates.](https://sms4smile.com/quotes/anurag-thakur/i-am-a-small-party-worker-i-tried-to-perform-in-parliament-maximum/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [Fake News has become a matter of concern in the country.](https://sms4smile.com/quotes/anurag-thakur/fake-news-has-become-a-matter-of-concern-in-the-country/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [I have always had the passion of joining the army.](https://sms4smile.com/quotes/anurag-thakur/i-have-always-had-the-passion-of-joining-the-army/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [Since my re-entry into cricket as the president of the Himachal Pradesh Cricket Association, I have given my 100 percent.](https://sms4smile.com/quotes/anurag-thakur/since-my-re-entry-into-cricket-as-the-president-of-the-himachal/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [If you see cricket, the IPL is going on and then there is the World Cup. If cricketers can play two tournaments back-to-back, then…](https://sms4smile.com/quotes/anurag-thakur/if-you-see-cricket-the-ipl-is-going-on-and-then-there-is-the-world/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [You will see more fluctuation, I believe, in the private cryptocurrency rather than the fiat.](https://sms4smile.com/quotes/anurag-thakur/you-will-see-more-fluctuation-i-believe-in-the-private-cryptocurrency/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [Half-baked truth is dangerous - be it the propaganda of media or somebody else.](https://sms4smile.com/quotes/anurag-thakur/half-baked-truth-is-dangerous-be-it-the-propaganda-of-media-or/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) [Explore all 100 Anurag Thakur quotes ](https://sms4smile.com/quotes/author/anurag-thakur/) ## More Digital quotes > [I had an idea for a technologically advanced luxury watch. I got involved in digital art and neon painting and put on shows of…](https://sms4smile.com/quotes/giorgio-moroder/i-had-an-idea-for-a-technologically-advanced-luxury-watch-i-got/) [Giorgio Moroder](https://sms4smile.com/quotes/author/giorgio-moroder/) > [Look at music for what it's worth around the world and not just America. In other countries, people are still buying CDs and going…](https://sms4smile.com/quotes/snoop-dogg/look-at-music-for-what-it-s-worth-around-the-world-and-not-just/) [Snoop Dogg](https://sms4smile.com/quotes/author/snoop-dogg/) > [When I went to medical school, the term 'digital' applied only to rectal exams.](https://sms4smile.com/quotes/eric-topol/when-i-went-to-medical-school-the-term-digital-applied-only-to-rectal/) [Eric Topol](https://sms4smile.com/quotes/author/eric-topol/) > [We want to free our citizens from the burden of excessive paper documents in every office. We want paperless transactions. We will set up…](https://sms4smile.com/quotes/narendra-modi/we-want-to-free-our-citizens-from-the-burden-of-excessive-paper/) [Narendra Modi](https://sms4smile.com/quotes/author/narendra-modi/) > [I'm not mad at digital media at all; I just see the importance and beauty of physical media.](https://sms4smile.com/quotes/el-p/i-m-not-mad-at-digital-media-at-all-i-just-see-the-importance-and/) [El-P](https://sms4smile.com/quotes/author/el-p/) > [To bring the benefits of the digital age to all Americans, the FCC needs to make it easier for companies to build and expand…](https://sms4smile.com/quotes/ajit-pai/to-bring-the-benefits-of-the-digital-age-to-all-americans-the-fcc/) [Ajit Pai](https://sms4smile.com/quotes/author/ajit-pai/) > [It is very hard to transform your culture and your workforce to be a relevant company in the digital world if all of your…](https://sms4smile.com/quotes/julie-sweet/it-is-very-hard-to-transform-your-culture-and-your-workforce-to-be-a/) [Julie Sweet](https://sms4smile.com/quotes/author/julie-sweet/) > [Many American TV actors employ agents, managers, business managers, publicists and stylists, and are now adding digital media manager to the list. Their job…](https://sms4smile.com/quotes/gina-bellman/many-american-tv-actors-employ-agents-managers-business-managers/) [Gina Bellman](https://sms4smile.com/quotes/author/gina-bellman/) > [“I've decided that has been the great achievement of our age: to so thoroughly flood the planet with megabits that every image and fact…](https://sms4smile.com/quotes/alan-lightman/i-ve-decided-that-has-been-the-great-achievement-of-our-age-to-so/) [Alan Lightman](https://sms4smile.com/quotes/author/alan-lightman/) > [Truth is, people like buying things for $0.99 and $1.99 for their digital devices. We know that from iTunes. We know that from the…](https://sms4smile.com/quotes/jennifer-lee/truth-is-people-like-buying-things-for-0-99-and-1-99-for-their/) [Jennifer Lee](https://sms4smile.com/quotes/author/jennifer-lee/) > [But I had never drawn on a tablet before. I've been doing pencil and paper and film for almost 20 years. I wanted to…](https://sms4smile.com/quotes/don-hertzfeldt/but-i-had-never-drawn-on-a-tablet-before-i-ve-been-doing-pencil-and/) [Don Hertzfeldt](https://sms4smile.com/quotes/author/don-hertzfeldt/) > [If you want to live a meaningfully better life, you're going to have to make the dangerous choice to dissent. A life lived meaningfully…](https://sms4smile.com/quotes/umair-haque/if-you-want-to-live-a-meaningfully-better-life-you-re-going-to-have/) [Umair Haque](https://sms4smile.com/quotes/author/umair-haque/) > [As human beings, we are the only organisms that create for the sheer stupid pleasure of doing so. Whether it's laying out a garden,…](https://sms4smile.com/quotes/gary-hamel/as-human-beings-we-are-the-only-organisms-that-create-for-the-sheer/) [Gary Hamel](https://sms4smile.com/quotes/author/gary-hamel/) > [I do think there's something about the digital age that is increasingly dehumanising us. We're in this very weird place where we're being pulled…](https://sms4smile.com/quotes/j-j-abrams/i-do-think-there-s-something-about-the-digital-age-that-is/) [J. J. Abrams](https://sms4smile.com/quotes/author/j-j-abrams/) > [A lot of people that buy vinyl today don’t realise that they’re listening to CD masters on vinyl and that’s because the record companies…](https://sms4smile.com/quotes/neil-young/a-lot-of-people-that-buy-vinyl-today-don-t-realise-that-they-re/) [Neil Young](https://sms4smile.com/quotes/author/neil-young/) [Browse all 1,708 Digital quotes ](https://sms4smile.com/quotes/about/digital/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Many countries are looking at the virtual currency and the digital currency. 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