Insights into digital currency's access (Cryptocurrency) and impact on the Indian Economy Dr. Dadmal Hitesh M.1,*, Mr. Jain Vinayak2 1Assistant Professor, P G T Dept. of Economics, RTM Nagpur University 2Research Student, P G T Dept. of Economic, RTM Nagpur University *E-Mail: hiteshdadmal@gmail.com
Online published on 23 March, 2023. Abstract In a research paper, an accessible overview of crypto currency in India would likely be provided. Among the information provided would be information about the JOURNEY OF CRYPTOCURRENCY, legal and regulatory environment, terminologies of crypto currency, block-chain process as well as the size and growth of the crypto currency market in India. The objective of this paper is to analyse the potential economic impacts of crypto currency on the Indian economy. As well as focused on what are CBDCs and how they different from crypto currencies. A positive impact may include an increase in innovation and investment in the fintech sector, or a negative impact may include potential risks to the financial system. The paper would likely also explore the potential implications of a Supreme Court ruling striking down a ban on banks and financial institutions providing crypto currency services. A possible analysis would include how the ruling may affect the adoption and use of crypto currency in India, as well as the impact it may have on the Fintech sector. In addition to the current state of cryptocurrency in India, the government's stance, and the possibilities for the future, the paper will also discuss the current state of cryptocurrency in India. Cryptocurrency is a dynamic and ever-changing field, so any research paper on this topic would likely include the most current and up-to-date information available at the time. Top Keywords Digital Currency, CBDC and Cryptocurrency, Virtual Digital Assets, Block chain Technology, Future of Cryptocurrency. Top |