Cryptocurrency regulation: Need of the Hour

Abstract

Among a lot of technological revolutions, money is also revolutionized. It has given birth to a new currency i.e. Digital currency. Cryptocurrency is one such currency that is available in electronic form and can be exchanged through online mode. With the increase in the popularity and use of virtual currency around the globe, a strategic legal framework is necessary. The decentralized and anonymous nature of these currencies gives rise to problems in their regulation in the current scenario as well as in the future. The authors have tried to focus on different legal regulations forced on virtual currencies by different countries across the globe.