Report on the legality of Cryptocurrencies and Blockchain

REPORT ON THE LEGALITY OF CRYPTOCURRENCIES AND BLOCKCHAIN   For: Mains Topics covered: Findings of the committee, What is a cryptocurrency, Blockchain Technology, Distributed ledger technology   News Flash The committee was set up to look into the legality of cryptocurrencies and blockchain. It submitted its report to the Finance Ministry.   Recommendations The committee recommended that private cryptocurrencies be banned completely in India. The committee also drafts a law, the ‘Banning of Cryptocurrency &…

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