Today we will read about and understand that cryptocurrency. what is the crypto and how to use it? But still, it is not clear in India that crypto is legal or illegal(according to a prudent person).
I am a law student and when I asked my colleagues over this topic, their answer is clearly that the bank had declared that the deal in cryptocurrency is illegal. First of all, it is not in the hands of the bank to decide what will be legal in India and whether it will be Illegal.
In India, what will be legal, what will be illegal not properly understand even law pass out students. But I am very sad to hear that if normal people answer in a silly way then it may be excusable.
There is such a reason behind writing this blog. About 2 weeks ago when some boys were standing in the group in my college, the topic went whether the cryptocurrency is legal or illogical in India, if they were children of the first year or second year then I would not take their reply so seriously, But he is a student of final year.
Is our India's education system so weak that children have not understood this thing yet as they are studying in the final year what is legal and what is Illegal, what justice will they give to people, how they will fight for justice?
According to my research, in the next 1 to 2 years, nearly 40 percent of the whole world bank will launch their own digital currency because it has a profitable deal to the bank, its charges will be low, maintenance will be used to them and if a data is created in digital currency, there will be no recurring expenditure.
The encoding of a data, India is in the top five list of the world in the Finitech startup, and there are some successful startups such as Oyo Rooms, Ola Cab, etc.
Take a small reference of Japan Country, as everybody knows that Japan has always been ahead in technology, Better Technology, and best technology innovation from him and the other country is unable to match it. If Japan is showing interest in cryptoconcy technology, then it is a matter of concern.
The blockchain is u.s. company whose value is $ 4 billion in 2019, and by the year 2025 will be 41 billion dollars. Investors of these companies are people who invest their money very thoughtfully and I have to say that if they run away from technology, they will disappear from the bucket such as Well known company Blackberry and Kodak camera.
Technology is not bad, or good, it is the way to use it and its use depends on the person's intentions to use it and whatever thing promotes the game, it does not have any regulation for it.
Now talk about common topic what is bitcoin. According to research, more than 60% of people should be asked what is the cryptocurrency, then according to them, the only crypto is the bitcoin. They all are absolutely wrong, bitcoin is one of the currencies which is decentralized cryptocurrency and is the first cryptocurrency.
In the end, the only purpose behind writing this blog that if the information is incomplete or wrong then how we will make better future because the coming future is dependent on us, if we do not have the right information then how will the future be made right? I am a law student and I look at my college or in the society or in the current generation. I do not think that it is an employment in India but it seems that there is an ability.
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