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International Journal of Applied Research
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ISSN Print: 2394-7500, ISSN Online: 2394-5869, CODEN: IJARPF

IMPACT FACTOR (RJIF): 8.4

Vol. 9, Issue 4, Part B (2023)

An analytical study on the cryptocurrency market of India

An analytical study on the cryptocurrency market of India

Author(s)
Sweeti Kumari
Abstract
Cryptocurrency is an innovative concept of decentralized virtual currency. It has turned out to be a new avenue of investment instrument in India similar to gold. Even though the government hasn’t formulated any regulatory body or legislation with regards to cryptocurrency trading and transaction in India, the government restricts the buy and sell of cryptocurrencies like bitcoin, litcoin, etc. Cryptocurrencies raises various limitations on its existence in Indian markets. Virtual money is not fully controlled and regulated hence most of the countries have not admitted this currency in their economic activities. This paper investigates about cryptocurrency present legality as well as future government moves impact on these currencies. The paper also analyses investment risks in both Bitcoin and Gold countries have responded in terms of regulations & legislations towards crypto currencies to develop a clear picture of its impact on various laws in India in order to regulate it”.
Pages: 111-113  |  191 Views  52 Downloads
How to cite this article:
Sweeti Kumari. An analytical study on the cryptocurrency market of India. Int J Appl Res 2023;9(4):111-113.
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