Published Paper Details:

Crypto currency is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority. There are many crypto currencies that exist in the world but the most famous id Bit coin. Crypto currency has tremendous amount of uncertainties due to its digital form, unrealised market place despite of all these uncertainties the future of crypto currency seems to be predominant in India. Indian investors has invested in unregulated digital assets, especially Bitcoin and the amount of investment has increased since 2020. As the popularity of Crypto currency has increased but lack of regulation there are high chances of financial frauds and loss of money so there is a strong need of some regulations. On Jan 29, 2021, the Indian government announced that it will introduce a bill to create a sovereign digital currency and subsequently put a blanket on private crypto currencies. As crypto currency is the future in the investment market. Strong regulatory framework will be put in place to deal with crypto currency in India. There are most likely chances that Indian Government add crypto currency as an asset rather than a currency in India. It is difficult to regulate today because of unregularized market place, it does not have any legal or regulatory back up.