Date. : 10 December 2022

Article no. : 10

Day. : Saturday

Cryptocurrency .

Cryptocurrency is digital money ,not physical currency . In March ,2020,A bench of three judges from the supreme court ordered the *RBI to not deal or involve in cryptocurrency .

Instead of a blanket ban , the government ought to consider joining the other dynamic market who opted for the regulatory approach to draw out a regulatory framework that would suit the new age.

The ban was initially imposed to ensure that market participant are protected from the infarious activities .

Simply lifting the ban also has its adverse effect . But the current lock of clarity when it come to cryptocurrency is already leaving participant exposed to risk in a policy vaccum. While business have the appetite to infuse the latest technology to their offerings due to customer demands ,without regulation they would rather error on the side of caution .

Instead of confidently exprimenting and innovating .

Negative impacts

#Cryptocurrency are not hacked by the government which means cryptocurrency stored online does not have the same protection as money in bank account . If you store cryptocurrency in digital wallet provided by a company ,and the company goes out of business or hacked ,the government may not get be able to step in and help get your money back .

Examples .

#Japan for example has among the most progressive cryptocurrency regulation .

More examples are .

#USA

#Singapore

To used cryptocurrency .

Althought cryptocurrency transactions are an anonymous .the transaction may be posted to public ledge like *bitcoin blockchain*

Blockchain

A blockchain is a public list of records that shows when someone transacts with cryptocurrency . The information can also include the sender and recipients wallet also . Both the transaction amount and wallet address could be usedvto identify who the actual people using it are .

The government need to clarity and framework to operate when it comes to.adopting innovative technologies like cryptocurrency and blockchain .

Its something about cryptocurrency and blockchain . I hope all of you guyz must like it .

My read dot cas journey ,rusty never come on my article i have no idea why but now i request rusty please come on my article and give me courage to do more best and better. @TheRandomRewarder please come on my article .

I do my try best . I hope you will be like it .

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