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Showing posts with the label Cryptocurrency Exchange in India

Legitimacy Of Cryptocurrencies In India

 A cryptocurrency is a digital asset designed to work as a medium of value transaction. The ownership records are stored in a ledger that exists in a computerized database format. This is designed through strong cryptography to ensure the security of transactions, the creation of additional coins, and verification of coin ownership. In simple terms, we can state that there exists no physical form of currency. Also, there is no centralized agency that regulates currency transfers. Across the globe, there has been a shift towards a digital economy. According to this, people from different countries use electronic modes of transfer. Following this trend, cryptocurrencies have created their own place specifically to carry out digital transactions. Cryptocurrencies rely on the transfer of digital information from one person to another. In the last decade, cryptocurrencies have seen an astonishing surge in their values, making people attracted to the crypto market. For example, the value of