Cryptocurrencies are growing in popularity globally. The technology that underpins these currencies, blockchain, is also gaining traction across the globe. Cryptocurrencies are also digital assets that can be used as a medium of exchange for online transactions. These digital assets are also secured through strong cryptography and use a peer-to-peer (P2P) network to conduct transactions. Cryptocurrencies in India In April 2018 the Government of India (GOI) and the Reserve of Bank (RBI) imposed stringent regulations on cryptocurrencies in India. Before April 2018 there was a sharp rise in cryptocurrency trading…
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