A Ratiocinative Study on the Impact of Bit Coins on the Indian Economy

Understanding the Impact and Future Potential

Authors

  • Dr. P. C. Bansal

Keywords:

bit coins, Indian economy, shared virtual currencies, cryptocurrencies, investing opportunity, gold, legislative authority, regulations, buying and selling, blockchain

Abstract

The idea of shared virtual currencies is revolutionary. Cryptocurrencies. It has proved to be a modern investing opportunity close to gold in India. While the government has not devised any legislative authority or regulations on cryptocurrecny in India, it is regulating the buying and selling of cryptocurrencies such as bitcoin, litcoin etc. The presence of Cryptocurrencies in Indian markets is subject to numerous prohibitions. The key emphasis of this analysis is on recognising the blockchain in the Indian economy. The report also focuses on the existing status of cryptocurencies in India and their future prospects.

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Published

2020-10-01

How to Cite

[1]
“A Ratiocinative Study on the Impact of Bit Coins on the Indian Economy: Understanding the Impact and Future Potential”, JASRAE, vol. 17, no. 2, pp. 99–103, Oct. 2020, Accessed: Sep. 20, 2024. [Online]. Available: https://ignited.in/index.php/jasrae/article/view/12721

Issue

Vol. 17 No. 2 (2020): Journal of Advances and Scholarly Researches in Allied Education (JASRAE)

Section

Articles

How to Cite

[1]
“A Ratiocinative Study on the Impact of Bit Coins on the Indian Economy: Understanding the Impact and Future Potential”, JASRAE, vol. 17, no. 2, pp. 99–103, Oct. 2020, Accessed: Sep. 20, 2024. [Online]. Available: https://ignited.in/index.php/jasrae/article/view/12721