Asian Journal of Management and Commerce
2021, Vol. 2, Issue 2, Part A
An overview of the journey of cryptocurrencies in India and its future prospects
Author(s): Dr. Naveen Kumar
Abstract: Cryptocurrencies are digital assets designed to work as medium of exchange. Cryptocurrencies neither exists in physical from nor issued by central authority. These digital currencies use decentralized control and works through distributed ledger technology known as blockchain which serves as a public financial transaction database. Cryptocurrencies are becoming popular day by day and more and more people are investing and making payment in cryptocurrencies. In this paper an attempt has been made to understand the concept of cryptocurrencies and to have a look on the journey of cryptocurrencies in India. Its present legal position, advantages and disadvantages are also discussed along with its future prospects in India.
Pages: 11-15 | Views: 76 | Downloads: 31
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How to cite this article:
Dr. Naveen Kumar. An overview of the journey of cryptocurrencies in India and its future prospects. Asian J Manage Commerce 2021;2(2):11-15.