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Cryptocurrency And Its Future In India: The Road Ahead




Dr. S.Durga Lakshmi & M.R.Keerthana


ABSTRACT


Bitcoin, etherum, doggecoin are a few common names related to cryptocurrency. Cryptocurrencies are peer-to-peer virtual currencies that are decentralised and bartered. With Tesla's acceptance of this digital currency, it went from being a financial black market to gaining public awareness. The number of bitcoin investors in India has steadily climbed. The 2018 RBI circular, which instructed NBFCs and banks not to deal in currency, posed a threat to investors, prompting the Supreme Court to intervene. From the 2019 bill which bans the cryptocurrency to the 2021 bill banning private cryptocurrency, the situation has shifted slightly, permitting the currency in the Indian market. This articles examines the threat posed by digital currency, and the need to regulate virtual currencies in India.

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Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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Submit Manuscript: Click here

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Licensing: ​

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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