Scribd
Upload
7 views5 pages

F RishiBajaj Powerpoint

Cryptocurrency is a digital currency that utilizes cryptography for security and was first introduced with Bitcoin in 2009. Its legal status varies globally, with some countries embracing it while others, like China, prohibit its use; India currently imposes a 30% tax on digital asset transfers without outright banning it. The future of cryptocurrency in India appears promising, with potential growth in areas like NFTs, Play-to-Earn gaming, and decentralized finance, despite inherent market risks.

Uploaded by

rishibajaj20200620
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
7 views5 pages

F RishiBajaj Powerpoint

Cryptocurrency is a digital currency that utilizes cryptography for security and was first introduced with Bitcoin in 2009. Its legal status varies globally, with some countries embracing it while others, like China, prohibit its use; India currently imposes a 30% tax on digital asset transfers without outright banning it. The future of cryptocurrency in India appears promising, with potential growth in areas like NFTs, Play-to-Earn gaming, and decentralized finance, despite inherent market risks.

Uploaded by

rishibajaj20200620
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 5

CRYPTO CURRENCY

Introduction to Crypto
 Cryptocurrency is a digital or virtual currency that uses cryptography for
security.
 A cryptocurrency is difficult to counterfeit because of this security feature.
 It was Founded in 2009, Bitcoin was the first cryptocurrency and is still the
most commonly traded.
 Cryptocurrencies are decentralized and not subject to government or
financial institution control.
 cryptocurrency payments exist purely as digital entries to an online database
describing specific transactions.
Is Crypto Legal?
 Despite its use for buying goods and services, there are still no uniform
international laws that regulate Bitcoin.
 Many developed countries allow Bitcoin to be used, such as the U.S., Canada,
and the U.K.
 In several countries, including China and Saudi Arabia, it is illegal to use
Bitcoin.
 At present, India neither prohibits nor allows investment in the cryptocurrency
market.
 The Indian government has implemented a 30% tax on income from the
transfer of digital assets.
Future of Crypto in India
Non-fungible
tokens (NFTs)

Crypto and its Play-to-Earn


scope in India (P2E) gaming

Decentralised
Centralised
finance
cryptocurrency
exchanges
Ethereu
Bitcoin Tether
m

BNB Solana
Conclusion
 The future of cryptocurrency holds vast
potential for disruption and innovation in the
financial sector. While cryptocurrencies offer
advantages such as decentralization, security,
and accessibility, investors must know the
market's volatility and associated risks.

You might also like