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Regulating Cryptocurrencies

  Nov 22, 2021

Regulating Cryptocurrencies

Q What is the context  ?

A With cryptocurrencies such as Bitcoin gaining popularity among citizens, the Centre has been compelled to take a stance on the legal status of cryptocurrencies.

Q What is the Background ?

Q What is stand of RBI ? 

Q Why did RBI propose a ban?

Q What is Legislative opinion on Cryptocurrencies ?

Q Why has the Government chosen to regulate rather than ban cryptocurrencies?

Q What are Issues with the ban ?

Other generic concerns:

Q What can be Way forward ?