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ARTICLE · 02 MAY 2018

The Legality Of Crypto-Currency And Its Repercussions On The Crypto-Currency Exchanges In India

Shardul Amarchand Mangaldas & Co
Shardul Amarchand Mangaldas & Co
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Shardul Amarchand Mangaldas & Co

Shardul Amarchand Mangaldas & Co

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In order to better understand the legal commotion surrounding crypto-currency, it is important to review the factors that have led to its development and growth in the recent past.

IndiaTechnology
Shardul Amarchand Mangaldas & Co
Shardul Amarchand Mangaldas & Co
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Assisted by Ms. Pallavi Payal Verma, Associate.

Introduction

In order to better understand the legal commotion surrounding crypto-currency, it is important to review the factors that have led to its development and growth in the recent past. At the root of most path breaking innovations in the world of finance is the fundamental rule of economics, that is, the rule of demand and supply. This rule is the driving force behind the transformation of money in any economy. So also in the case of crypto-currencies.

Over the last decade or two, the world economy has seen a gradual shift towards a paperless currency. In today's fast paced economy, money is required not only to be easily transferable, widely acceptable, in adequate supply and circulation, but also to instil confidence in users.

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