NEWS

Wednesday, 10 March 2021

2021 Can India Become Crypto Currency Efficient?

 

Crypto currency likely to be the next economic norm that will surely take time for Indian mass to adjust as RBI (Reserve Bank of India) as it is not friendly with this term but the current government Bharatiya Janta Party is more ready explore into this new funda technology.

 

If familiar or not with this evaluative financial term Crypto Currency is a digitally based money transaction process where encryption technique is used. This encryption technique is used to generate units and verify the transfer of funds, operating independently of a central bank.

 

Finance Minister Nirmala Sitharaman has hope in Crypto Currency mode of transaction as the Centre still feels the requirement of digital currency to ensure financial stability. Recently a Inter Ministerial Committee was conducted on a high note configuring Crypto Currency virtual monetary necessity under the Chairmanship of Economic Affairs Secretary  and filed submission of reports..

 

Under Modi Government this new financial mode Crypto Currency to take a nod according to Anurag Thakur, Union Minister as the government is broaden to such technology based evaluative factor for the ease of economy.

NEIC: SUMI BORA

No comments:

Post a Comment

Your highlight can be precious enough to make a change in the present system for better progress of the nation and so make a step to comment.