IS CRYPTOCURRENCY LEGAL IN INDIA : CRYPTO NEWS IN INDIA
WHY CRYPTOCURRENCY IS SO POPULAR?
Bitcoin or Cryptocurrency is a topic that has sparked our curiosity. In this podcast, I'll talk about several features of Bitcoin. Indeed, today many people want to invest in cryptocurrency Bitcoin and with the rise of home-based stock trading via different mobile apps, many will be unable to resist the seduction of various cryptocurrencies. We heard many elite communities in India have already invested in Bitcoin in order to expand their investment.
RISK IN CRYPTO – RISK IN BITCOIN - CRYPTO SCAM COINS - CRYPTO NEWS TODAY - CRYPTO NEWS IN INDIA
To buy bitcoin in India, you can use a variety of mobile applications available online. We just learned that one guy in one part of West Bengal was cheated up to Rs. 60,000 while using those programmes to purchase Bitcoin. In this scenario, because there is no legal recourse, I recommend that you proceed by viewing, learning, and knowing before investing in Bitcoin or any other currencies. Recently we heard Crypto scam to the tune of nearly Rs. 2800 cr. In the forming evasion of tax where some Chinese people are involved. Even today we heard that one person has been arrested for using bitcoin in purchasing drugs.
The price of a bitcoin peaked around Rs. 42 lakhs in early May 2021, but dropped below Rs. 25 lakhs, a few days later after the publishing of news on the worldwide market. Now the question is, since Bitcoin is a digital currency or asset that does not follow the centralized currency system, so there is no government agency to oversee the fluctuations and mobility of Bitcoin or other cryptocurrencies and its outcome.
INNOVATION OF BITCOIN – SATOSHI NAKAMOTO WHITE PAPER – SATOSHI NAKAMOTO IDENTITY
If we go back a little bit, we can see that there was an economic recession all over the world from 2007 to 2009, and about the same time in 2009, a white-paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" was released on the bitcoin.org website. In the front page of nine-page white paper written by Satoshi Nakamoto, he says Bitcoin is “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.”. Although this nine-page white paper is quite complex, Satoshi Nakamoto describes on the second page, “We define an electronic coin as a chain digital signature.” In the eighth page under heading “Conclusion”, he wrote “We have proposed a system for electronic transactions without relying on trust”.
WHAT ARE CRYPTOCURRENCIES?
If you have any questions regarding cryptocurrency in India or invest in cryptocurrency after listening to my podcast, please leave them in the comments section of this episode's YouTube video. I'll do my best to respond. Protect yourself and your friends by sharing my several podcasts with them, and stay up to date by subscribing.
.......IS IT LEGAL TO INVEST IN BITCOIN OR CRYPTOCURRENCY IN INDIA? - SHOULD YOU INVEST IN CRYPTOCURRENCY?.........
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