CRYPTOCURRENCIES: GROWTH & CHALLENGES IN INDIA

Abstract

With the rapid development of information and information technology, many activities in our daily life can be integrated online, making it easier and more efficient. The significant increase in the number of online users has led to the concept of visual terms and the creation of a new business entity called cryptocurrency, making it easier to conduct financial transactions such as buying, selling and trading. Cryptocurrency is a valuable and invisible electronic tool for a wide variety of applications and networks, including online social networks, online social games, virtual worlds and peer-to-peer networks. In recent years, obvious costs have spread to various programs. This paper examines the expectations of cryptocurrency users for the future. It examines users' reliance on cryptocurrency when virtual currency is fully controlled and out of control. Furthermore, the paper seeks to determine the prevalence of cryptocurrency use to provide a clear picture with an active perspective. The magazine also examines how 21 different countries have reacted to cryptocurrency in terms of policies and regulations to create a clearer picture of its impact on the regulation of various laws in India.