1. What is Cryptocurrency?
Cryptocurrency is a digital or practical banking that uses cryptography for security. It is not released by any executive authority, theoretically creation it defence to supervision division or manipulation. The initial cryptocurrency that was launched was a Bitcoin.
2. What are a singular features?
A cryptocurrency is formidable to counterfeit. It can be bought, sole online and remitted abroad though profitable any fees to a bank or other over-charging financial intermediaries. However, a unknown inlet of exchange creates it befitting for sinful activities like income laundering and taxation evasion.
3. What is Bitcoin?
Bitcoin is a practical currenty, that operates as open and private keys— prolonged strings of numbers and letters related by an encryption algorithm. The Bitcoin balances are kept on a open ledger, along with all Bitcoin transactions, that is accurate by a large volume of computing power.
4. Are Bitcoins legally supposed in India?
Bitcoin deals are not bootleg in India though are now unregulated. The RBI wants to know and learn about a developments of this practical banking before controlling it. It has emphasised a need for preparedness on a partial of regulators and policy-makers to respond to these