#NFPCryptoImpact

While the NBF emphasizes blockchain's role in public sector applications, it does not directly address or impact cryptocurrencies. In India, cryptocurrencies are generally viewed as assets rather than mediums for transactions. Nandan Nilekani, Infosys's non-executive chairman, has suggested that cryptocurrencies should be treated similarly to assets like gold or real estate, suitable for holding but not for transactional purposes. He points out that India's Unified Payments Interface (UPI) offers a more efficient platform for transactions, handling billions of transactions monthly at minimal cost.