Thanks for doing the digging! It seems like whenever a static is dug into there are often a few asterisks necessary. "Lies, damned lies, and statistics" as they

Thanks for doing the digging! It seems like whenever a static is dug into there are often a few asterisks necessary. "Lies, damned lies, and statistics" as they say. I wonder why Triple-A wouldn't use the 16.8% figure, which bounded would be 4.97%, other than negligence. the Keynote in [b] is definitely an interesting read though it's a bit unfortunate more statistics regarding holding sizes aren't shared. The perspective expressed of crypto as (reading between the lines) a tool of foreign governments to dollarize EMs is an interesting one. I would be curious if the average person would rather have the individual option of being able to hold other currencies risk and all or if they would prefer to collectively have restrictions for the health of their banking infrastructure as a whole, and how much interest there was in crypto as a means to hold dollars or something else other than rupees, or hoping for extremely high returns in order to then convert back to rupees. "This could be actual dollarization if stablecoins linked to the US Dollar become widely used, and there is good reason to believe that that they would be popular if permitted." "Most cryptocurrencies are owned by businesses of AEs; therefore, better adoption of cryptocurrencies would add to their growth and employment. Significantly, it might be of advantage to the AEs if cryptocurrencies replace emerging market (EM) currencies as that would give AEs a better strategic control on the EMEs." "With one or more private currencies being allowed, there would be parallel currency system(s) in the country. Thus, increased acceptance of cryptocurrencies would result in effective ‘Dollarization’ of our economy." "They threaten the financial sovereignty of a country and make it susceptible to strategic manipulation by private corporates creating these currencies or Governments that control them." "Almost all cryptocurrencies are priced in terms of Dollars (or potentially any of the freely convertible currencies). Wider adoption would actually result in wider use of these currencies. So cryptocurrencies are not a threat to convertible currencies as they are to the Rupee, which is not an international currency." (I believe the Rupee has since started to be used for international settlements[1]) [1]https://www.isas.nus.edu.sg/papers/indias-foreign-trade-policy-2023-new-ideas-and-old-challenges/ https://www.isas.nus.edu.sg/papers/indias-foreign-trade-poli...