A REVIEW ON CRYPTO CURRENCY IN INDIAN ECONOMY

Abstract

Currency is the blood of an economy. At the course of time, the currency has faced many changes in its form in respect to demand of the time and situation of an economy.  Development of information and communication technologies shifted human economic activities to online platform that is massive promotion has done by the Government Digital India initiative. Due to the rapid increase in the number of online transaction users has activated the virtual term concepts and created an innovative business phenomenon that is crypto currency to pave the way of alternative way of money activities such as investing, saving,  buying, selling , and trading.  It is used electronically with the help of various applications and networks such as online social networking sites, online social games, virtual worlds and peer to peer networks. It represents digital trade form of value and used as a medium of exchange, or a stored value that can be used later.