The Financial Risk Associated With The Investment In Digital Money: A Study In Twin City
- IJLLR Journal
- Feb 20
- 1 min read
Shameeha Tarafdar, KIIT School of Law
ABSTRACT
Since its inception in 2008, Cryptocurrency has gained a lot of popularity. Cryptocurrency is simply a kind of currency that exists virtually. It is transacted and saved through a technology called the block chain technology. Majority of investors regardless of their age and gender either are involved in crypto investments or are interested in investing in cryptocurrency. This research paper finds through a survey of residents of the twin cities of Cuttack and Bhubaneswar that almost everyone has knowledge about cryptocurrency and many of them are crypto investors. A majority of people do not support the tax policy of the government and feel that crypto investments should be encouraged by the state. People who either are crypto investors or are traditional assets investors, both of the category of people consider crypto investments more risky as compared to traditional assets. The findings of the study shows that people residing in such a developing state of Odisha know about crypto and are interested in investing in it.
Keywords: Cryptocurrency, Block chain, Bitcoin, Traditional asset, Digital currency
