Analysis of Cryptocurrency and Its Legality in India

  • Chandrika Maheshwari
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  • Chandrika Maheshwari

    Student at ICFAI University, Hyderabad, India

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Unlike traditional currency, which is issued by a central bank or administrator and regulated and issued by governments, cryptocurrency is a decentralised digital money that is issued without the intervention of a central bank or single administration. The use of bitcoin is well-known around the world, and people utilise it for peer-to-peer transactions for goods and services.With the current article, the researcher plans to examine the structure, or a deficiency in the department – of cryptographic forms of money in India. The article is divided into various parts viz. Part I, which looks at the legitimate situation in India and order of lawful occasions regarding VC’s. Part II examines the newly proposed Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. Part III contains the concluding remarks.


Research Paper


International Journal of Legal Science and Innovation, Volume 3, Issue 3, Page 702 - 708


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This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (, which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.


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