Shuchi Nagpal – Google+

It does not have legal tender status in any country.

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A virtual currency is a dital representation of value that can be ditally traded.

Shuchi <u>Nagpal</u> – Google+

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It is also true for Blockchain, the underlying technology behind bitcoin, as Rohas Nagpal, Cyber Crime Investator and Blockchain Researcher and the President of Asian School of Cyber Laws, unravels a few hard facts of the technology Have there been any dramatic changes in the existing Indian law since the introduction of bitcoin?

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That is why it is said that in India, a virtual currency is neither "legal" nor "illegal" and there has been no amendment to the relevant law in the last few years.

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