Cryptocurrency in India: Challenges and Opportunities

Abstract

- In the present time, technological progress has forced humans to use the Internet. Apart from personal work, the use of Internet has also become mandatory in the financial sector. In the economic world, from the general public to businessmen, employees and industrialists, it is a new currency. Its name is crypto currency and it is being used for more profit. In general terms, it is said that crypto currency is a digital currency. It is used for exchange or transaction by various traders and investors through the internet. No intermediary bank, financial institution, central authority is required for its exchange. In this process, there is less cost, less time and transfer is done easily. Today, the prevalence of crypto currency is increasing rapidly in the world as well as in India. Experts believe that this currency will prove to be more popular and profitable in the future. This research paper is based on the advantages, disadvantages and possibilities of crypto currency in India, in which we will study whether the Indian government's process for it is positive or negative, etc.