Cryptocurrency In India

ROADMAP

What is Cryptocurrency

A cryptocurrency, crypto-currency, or crypto is a collection of binary data which is designed to work as a medium of exchange.

What is Bitcoin

Bitcoin is most popular Cryptocurrency in the World now a days.

Currently, 6000 plus cryptocurrencies available in the market

Blockchain Technology

Blockchain technology is a decentralized, distributed and public ledger consisting of all records in form of blocks, that are linked together using cryptography.

India's Stand on Cryptocurrencies

APRIL 2018

APRIL 2020

RBI virtually banned the cryptocurrencies and  prohibited all banks to allowing anyone trade in them.

The Supreme Court said that such curb are illegal, After that all crypto exchanges work smoothly in India.

FEBRUARY 2021

NOVEMBER 2021

Indian Government has been listed the cryptocurrency regulation bill in Winter Parliament Session.

A High-level inter ministerial committee recommended a ban  on all private cryptocurrencies.

The Lok Sabha website, doesn't use the word ‘ban,' it talks about three main aspects: 

The creation of an official digital currency

Prohibition of private currencies

Exception to the underlying technology on which cryptocurrencies