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- Title
The Crypto Conundrum: Why India Has Pressed the Pause Button.
- Authors
R. R., Vinod; Mohan, Visakh Ram
- Abstract
The article deals with India's present stance and a possible framework on the use, legality and economics of crypto currency including bit coins. This topic is being widely discussed among policy circles since the apex court issued a verdict against the proposed ban on crypto currency by the Government. It gives a brief idea on the structure and evolution of bitcoins and crypto currency. Further the study also tries to understand the current stand of India in contrast with select economies who adopted the crypto environment. It also suggests six reasons why an emerging economy like India must promote the usage of crypto currencies. Finally, the study concludes that in absence of strong regulation and ready infrastructure, an emerging economy like India will find it difficult to accept and embrace bitcoins and crypto currency.
- Subjects
INDIA; BITCOIN; CRYPTOCURRENCIES; COINS; ELECTRONIC money
- Publication
Vinimaya, 2021, Vol 41, Issue 4, p40
- ISSN
0970-8456
- Publication type
Article