Regulations
By Maheen Hernandez
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Cryptocurrency consists of the likes of Bitcoin like Litecoin, Ethereum, and Ripple. As a medium of exchange over the internet based on decentralization, transparency, and…
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At the current moment, Fintech companies are working towards making it easier to use cryptocurrency.
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There are gambling sites that deal with the only cryptocurrency. There are some well-established sites which are already reputed and are considered secure.
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The risk exposure is considered to be the major downside with cryptocurrency. The values of the cryptocurrency rise and fall in just a few minutes or hours literally.
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Regulatory uncertainty makes it hard to deal with the crypto. In India, the cryptocurrency industry is in the throes of uncertainty.
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The RBI has been long unsure of how to regulate it, and none of the Bitcoin millionaires of 2017 were from India.
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'Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019' intends to ban the use of all private cryptos and suggests a blockchain-based central bank…
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Investors consider it as an avenue to diversify risk. Governments are focusing on the ban because they want to prevent terrorism funding, drug dealing, and money laundering…
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The best interest of most governments is related to similar reasons. As an alternative to banning the governments should consider implementing stricter trading rules, taxing…
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