The Reserve Bank has banned Cryptocurrency, including Bitcoin, has said it will consider the possibilities of introducing the digital currency.
Cryptocurrency is the only invisible money available on the Internet. This money can not be used directly and can only be used on the Internet
In every country in the world, we use printable coins for their economic value. Rupee in India is like Dollar in the US
The value for these printed currencies varies from country to country, but this cryptocurrency value is the same currency as the Internet currency. Country will not vary from country to country. As a result, many of the major points are using their black money to compete to buy these Cryptocurrency.
Bitcoin is a kind of cryptocurrency. There are also many other cryptocurrency currencies such as Litecoin, Ethereum, Zcash, Ripple. A study has found that 11% of Indians in the world are investing in Cryptocurrency.
These coins can only be purchased and used on the Internet. Reports suggest that these items are illegal and illegal purchases.
The Reserve Bank has called for all social media to ban Cryptocurrency in order to prevent such violations affecting the country's economy. In this scenario, it is said that it will consider the possibilities of introducing the existing digital currency.
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