Volume 12 Issue 4 - February 2019

  • 1. Legality of the bit coins: new medium of exchange in indian market

    Authors : Anshuman Tripathy , Dr. Sthitaprajnamohanty

    Pages : 29-33

    DOI : http://dx.doi.org/10.21172/1.124.07

    Keywords : Cryptocurrency,Digital,Currency,Bitcoins,Exchange,Transactions,Services

    Abstract :

    The world works on currencies since a long time and the same has been evolving since a long time. However, the dawn of the digital currency era has brought about the introduction of cryptocurrencies which have reshaped the world of trade and transactions. The introduction of cryptocurrencies in the world has brought about a revolution in the way people transact. This paper is focused primarily on the legality and the usage of bitcoins in a country like India, which has no specific laws governing bitcoins or any other cryptocurrencies. The authors are also going to shed some light on the evolution and functioning of bitcoins in general. Lastly, this paper aims at concluding the need of bitcoins and its future as a standard means of exchange in the Indian and global market.

    Citing this Journal Article :

    Anshuman Tripathy , Dr. Sthitaprajnamohanty, "Legality of the bit coins: new medium of exchange in indian market", Volume 12 Issue 4 - February 2019, 29-33