Crypto Currency In India: A Qualitative Analysis Of Prospects And Difficulties; A Thematic Research

Abstract

Crypto currencies have gained increasing attention globally for their potential to revolutionize financial transactions and systems. However, their adoption in India presents unique challenges and opportunities shaped by regulatory, technological, economic, and socio-cultural factors. The authors delve into the potential opportunities presented by crypto currencies as well as the challenges they face in India. Key points covered in the article include an examination of the evolving regulatory environment surrounding crypto currencies in India, the impact of government policies on their adoption and usage, technological advancements driving the growth of crypto currencies, and the potential benefits they offer in terms of financial inclusion and innovation. Furthermore, the article likely discussed the challenges such as regulatory uncertainty, security concerns, volatility, and lack of awareness and infrastructure hindering the widespread adoption of crypto currencies in India. A comprehensive analysis of both the opportunities and challenges associated with crypto currencies in India, shedding light on their potential impact on the country's financial landscape and economy.