Abstract – ‘A Study of Financial Regulation
& bitcoin market in India’ focus on the benefits of
the virtual currency from the point of view of the
investors. The author attempts to highlight the
importance of financial regulation in the country.
As the bitcoin is increasing the importance in the
market the Reserve Bank of India & Government
of India needs to think from the point of view of
large number of investors.
The author highlights the opinions of
various experts many of them are in favor of
regulation of the bitcoin. There are various
types of risks associated with the bitcoin like
any other currency .However if the approach of
the country will get converted into the positive it
will be beneficial.
Keywords – Bitcoin, Financial Regulation
Introduction –
Since Over’s & over years ago the US $ is
occupying the importance as major currency
.Even though many countries are developed the
US $ is playing the dominant role in the foreign
exchange market .In the period of 1980 the Euro
was trying to challenge the dollar. However it
is not able to compete with them because of its
overvaluation.
Need to analyze the status of ‘Virtual
Currency’-All over the globe the virtual
currencies are playing important role. The virtual
currencies are utilizing by the whole world for
the purpose of financial transaction. Virtual
currencies are growing due to the technology
& there is rising of potential in benefits.Some
of the virtual currencies can be converted into
real money & some cannot .Virtual currencies
can be grow with the technology & applications.
Bitcoin can be considered as commodity as well
as currency.