Q. With reference to ‘Virtual Digital Assets’ consider the following statements:
1.They are a medium of exchange or property that can be digitally traded, transferred or used for payment or investment purposes.
2.Central Bank Digital Currency (CBDC) is one of the types of virtual digital asset.
Select the correct statements suing the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A
Notes:

Statement 1 is correct. Virtual Digital Assets mean any information or code or number or token generated through cryptographic means or otherwise. They are a medium of exchange or property that can be digitally traded, transferred or used for payment or investment purposes.

Statement 2 is incorrect. Virtual Digital Assets usually refers to non-fungible token cryptocurrencies, etc. Virtual digital assets do not include digital gold, central bank digital currency (CBDC), or any other traditional digital assets.

Source: The Indian Express