Reserve Bank of India Deputy Governor T Ravi Shankar while advocating a ban on cryptocurrency said that it is worse than the Ponzi scheme.
Key conclusions The recent year has seen a lot of coverage on the bitcoin sector
Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank or government.
Bitcoin started on January 3, 2009, and it became the world’s first open payment system. There are 10 million bitcoins available in the world. Bitcoin does not have any physical form like other currencies.