Future of cryptocurrency in India

Gaurav Kumar, Bhartendu Singh, Suraj Kumar Samal and Pandav Kumar Chaudhary
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Gaurav Kumar: Mizoram University, India
Bhartendu Singh: Mizoram University, India
Suraj Kumar Samal: Central University of South Bihar, India
Pandav Kumar Chaudhary: IIT Patna, India

Theoretical and Applied Economics, 2024, vol. XXXI, issue 2(639), Summer, 303-314

Abstract: A digital currency based on blockchain technology that is secured by cryptography is called cryptocurrency. Cryptocurrency are emerging concept that has very limited literature in the Indian context therefore, this study attempts to assess the future of cryptocurrency in India by reviewing and analysing the existing various reports and articles. We found cryptocurrencies are very risky since it is not yet legalized nor are backed by the Indian government security. Despite that, the rapid grassroot adaptability of cryptocurrency, the tremendous growth in the number of users, and investment in cryptocurrency just give an insight of the bright future of cryptocurrency in India.

Keywords: cryptocurrency; bitcoin; blockchain; cryptography; India. (search for similar items in EconPapers)
Date: 2024
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