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ARTICLE · 25 APRIL 2019

Bitcoin: An Opportunity Or A Challenge?

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Arrival of bitcoin in India has led to various issues that are required to be addressed. The bitcoin currency has come forth with a great amount of opportunity for the investors.

IndiaTechnology
Rishab Khare
Rishab Khare
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INTRODUCTION

Arrival of bitcoin in India has led to various issues that are required to be addressed. The bitcoin currency has come forth with a great amount of opportunity for the investors. However on the other hand, it has raised a number of regulatory concerns as far as the question of its misuse is concerned. The absence of any regulation governing bitcoin currency has left many questions unanswered. With the growth of usage in internet and digital transactions, growth of bitcoin and other crypto currencies is inevitable.

The imperative question that needs to be answered is - what will the consequences be if bitcoins are awarded a legal status in India? The status as of now is that various governmental communications indicate that the central Bank i.e. Reserve Bank of India has constantly been advising the citizens is keeping a vigil while venturing out in the transactions pertaining to bitcoin in India. It is also pertinent to mention that bitcoins have

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