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Crypto Currency

Crypto Currency

Shockingly, all private crypto currencies are going to get banned in near future, as per the reports of Crypto currency and Regulation Digital Currency Bill, 2021. Sources say, the bill will get placed in Lok Sabha on November 29. The decision about the abolition of all private crypto currency will be discussed in the Winter session. Though the government has disclosed nothing about it yet , experts believe that bitcoin will be in use in the future.

No harm will be done to the investors. Crypto currencies such as Monero, Dash which offer privacy to its users, will be categorised as the private tokens. This video is the primary reason why the government think tank is thinking of banning it. Though, people are saying that cryptocurrencies such as bitcoins have to black mark on its image. These are fully transparent. According to a businessman,'It is definitely relatable and also linkable.  Hence, if any organisation has any secret information to deal with, then they should have preferred to join a private blockchain.'

There have been a lot of controversies against the introduction of crypto currency from the beginning. There are two different points of views about this controversy. There is a class of people who think that this new build up of crypto currency in the modern age will be very useful. India should accept the Crypto currency as soon as possible. It is very useful for the long run.

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