TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Saquib Nachan, Alleged ISIS India Chief, Dies After Brain Haemorrhage in Delhi Hospital

    Saquib Nachan, ISIS India Chief, Dies After Brain Haemorrhage in Delhi Hospital

    VP Dhankhar Questions Emergency-Era additions to Constitution

    VP Dhankhar Questions Emergency-Era Additions “socialist” and “secular” to Preamble, Calls Them a Wound

    Prada acknowledges India's traditional intellectual property

    Prada Responds to Controversy Over Kolhapuri Chappals, Acknowledges Indian Footwear Inspiration

    How Modi Government Protected India’s Chabahar Investment During Iran-Israel Conflict

    India Did What Others Couldn’t: How Modi Govt Kept Chabahar Port Safe Amid Iran-Israel War

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    CDPLC gives MDL a strategic foothold in the Indian Ocean Region

    India’s Strategic Victory : Mazagon Docks acquires majority stake in Sri Lankan Dockyard

    China's Fertiliser Export Halt to India Raises Strategic Red Flags

    China’s Fertiliser Export Halt to India Raises Strategic Red Flags, Prompts Swift Response

    India’s Economic Engine Accelerates

    India’s Economic Engine Accelerates: S&P Projects 6.5% GDP Growth for FY26

    US-Iran Tensions Shake Global Markets

    US-Iran Tensions Shake Global Markets; Oil Prices Surge and Safe-Haven Assets Rise

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    F-35 jet stranded in Kerala

    Grounded British F-35B to Be Shifted to Kerala Hangar for Repairs, UK Confirms

    Indian Navy Was Ready to Strike: A Catastrophic Blow Pakistan Barely Escaped

    Op Sindoor: Indian Navy Was Ready to Strike – A Catastrophic Blow Pakistan Barely Escaped

    UK’s F-35 Jet Grounded in Kerala for 10 Days Over Engineering Glitch

    UK’s F-35 Jet Grounded in Kerala for 10 Days Over Engineering Glitch, No Takeoff in Sight

    CQB carbine

    DRDO and Indian Army Unveil Indigenous CQB Carbine for Urban Warfare

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    How Modi Government Protected India’s Chabahar Investment During Iran-Israel Conflict

    India Did What Others Couldn’t: How Modi Govt Kept Chabahar Port Safe Amid Iran-Israel War

    CDPLC gives MDL a strategic foothold in the Indian Ocean Region

    India’s Strategic Victory : Mazagon Docks acquires majority stake in Sri Lankan Dockyard

    durga temple demolished in bangladesh

    Durga Idol Crushed in Dhaka Demolition; India Condemns Bangladesh’s Assault on Hindu Sentiment

    PM Narendra Modia

    PM Modi Heads to Brazil for BRICS Summit as Putin, Xi Skip Key Global Meet

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    jagannath yatra 2025 begins

    Jagannath Rath Yatra Begins, Millions Join Sacred Procession in Puri

    indian culture as world civilisation

    The Indian Roots of World Civilizations

    death anniversary of shyama prasad mukherjee

    From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

    Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Karnataka’s Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    A Deep Look into Mucormycosis and Throat Cancer

    A Deep Look into Mucormycosis and Throat Cancer

    How to Store Your Tennis Outfits Properly

    How to Store Your Tennis Outfits Properly

    The Digital Gaming Wave and Its Role in India’s Economic Growth

    The Digital Gaming Wave and Its Role in India’s Economic Growth

    mistakes to avoid during yoga

    6 Common Yoga Mistakes to Avoid for a Better Practice

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Saquib Nachan, Alleged ISIS India Chief, Dies After Brain Haemorrhage in Delhi Hospital

    Saquib Nachan, ISIS India Chief, Dies After Brain Haemorrhage in Delhi Hospital

    VP Dhankhar Questions Emergency-Era additions to Constitution

    VP Dhankhar Questions Emergency-Era Additions “socialist” and “secular” to Preamble, Calls Them a Wound

    Prada acknowledges India's traditional intellectual property

    Prada Responds to Controversy Over Kolhapuri Chappals, Acknowledges Indian Footwear Inspiration

    How Modi Government Protected India’s Chabahar Investment During Iran-Israel Conflict

    India Did What Others Couldn’t: How Modi Govt Kept Chabahar Port Safe Amid Iran-Israel War

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    CDPLC gives MDL a strategic foothold in the Indian Ocean Region

    India’s Strategic Victory : Mazagon Docks acquires majority stake in Sri Lankan Dockyard

    China's Fertiliser Export Halt to India Raises Strategic Red Flags

    China’s Fertiliser Export Halt to India Raises Strategic Red Flags, Prompts Swift Response

    India’s Economic Engine Accelerates

    India’s Economic Engine Accelerates: S&P Projects 6.5% GDP Growth for FY26

    US-Iran Tensions Shake Global Markets

    US-Iran Tensions Shake Global Markets; Oil Prices Surge and Safe-Haven Assets Rise

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    F-35 jet stranded in Kerala

    Grounded British F-35B to Be Shifted to Kerala Hangar for Repairs, UK Confirms

    Indian Navy Was Ready to Strike: A Catastrophic Blow Pakistan Barely Escaped

    Op Sindoor: Indian Navy Was Ready to Strike – A Catastrophic Blow Pakistan Barely Escaped

    UK’s F-35 Jet Grounded in Kerala for 10 Days Over Engineering Glitch

    UK’s F-35 Jet Grounded in Kerala for 10 Days Over Engineering Glitch, No Takeoff in Sight

    CQB carbine

    DRDO and Indian Army Unveil Indigenous CQB Carbine for Urban Warfare

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    How Modi Government Protected India’s Chabahar Investment During Iran-Israel Conflict

    India Did What Others Couldn’t: How Modi Govt Kept Chabahar Port Safe Amid Iran-Israel War

    CDPLC gives MDL a strategic foothold in the Indian Ocean Region

    India’s Strategic Victory : Mazagon Docks acquires majority stake in Sri Lankan Dockyard

    durga temple demolished in bangladesh

    Durga Idol Crushed in Dhaka Demolition; India Condemns Bangladesh’s Assault on Hindu Sentiment

    PM Narendra Modia

    PM Modi Heads to Brazil for BRICS Summit as Putin, Xi Skip Key Global Meet

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    jagannath yatra 2025 begins

    Jagannath Rath Yatra Begins, Millions Join Sacred Procession in Puri

    indian culture as world civilisation

    The Indian Roots of World Civilizations

    death anniversary of shyama prasad mukherjee

    From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

    Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Karnataka’s Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    A Deep Look into Mucormycosis and Throat Cancer

    A Deep Look into Mucormycosis and Throat Cancer

    How to Store Your Tennis Outfits Properly

    How to Store Your Tennis Outfits Properly

    The Digital Gaming Wave and Its Role in India’s Economic Growth

    The Digital Gaming Wave and Its Role in India’s Economic Growth

    mistakes to avoid during yoga

    6 Common Yoga Mistakes to Avoid for a Better Practice

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY FOR MORE QUERIES AND NEWS CONTACT US ON THIS EMAIL: INFO@MASHABLEPARTNERS.COM

The dark side of Cryptocurrency that nobody is even thinking about

TFI Desk by TFI Desk
24 October 2021
in Trending
cryptocurrency, bitcoin, blockchain, technology
Share on FacebookShare on X
  • Cryptocurrency is the hottest word in the tech universe and among the investor class nowadays.
  • India has long been reluctant to use cryptocurrency as a valid instrument of transaction.
  • The new technologies cannot be left unregulated because they can be used for several illegal transactions.

In the last few years, there has been a lot of buzz around digital currencies, which includes cryptocurrency, virtual currency, and central bank digital currency. The volatility in the price of Bitcoin – the most popular digital currency of the world, has brought the discourse around digital currencies from the techno-financial world.

Cryptocurrency is the hottest word in the tech universe and among the investor class nowadays. In India, the craze for cryptocurrency is even higher, with a recent report revealing that the country has the world’s highest owners (10 crores) of this new form of currency. The enthusiasm among young Indians towards new technologies is very appealing, and this is the reason behind the exponential growth in the number of unicorns in the country.

RelatedPosts

Gaming Goes Blockchain: Horizon’s Bold Move with New Crypto And NFT Integration

Unlocking the Power of AI in Trading Psychology: A Guide to Maximizing Profits

Unlocking the Potential of AI in Facilitating Securities Lending in the Crypto Market

Load More

However, the new technologies cannot be left unregulated because they can be used for terrorism, human trafficking, drug trafficking, and many other kinds of illegal transactions. Thus, these new technologies need to be under the supervision of regulatory authorities to ensure that their use is limited to advance the national interest and economic prosperity, not against it. 

India has long been reluctant to use cryptocurrency as a valid instrument of transaction. RBI has released a notification in 2018 about banning private cryptocurrency in the country. But finally, the better sense prevailed, and the central bank kept its stance ambiguous. 

In February this year, the Modi government introduced ‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’ during the budget session of the parliament in order “to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India.”

Additionally, the bill also sought to “prohibit all private cryptocurrencies in India”, while, allowing certain exceptions “to promote the underlying technology of cryptocurrency and its uses.”

Given the central bank’s manipulation of the currency price simply by printing money, the libertarian block of the tech establishment wanted to get rid of the government-regulated currencies, and this led to the creation of Bitcoin, Mazacoin, Titcoin, and so on.

However, control over currency has been one of the major functions of the government, and thus the establishment is not ready to open it to the private players because it will lead to erosion of their power. Therefore, the emerging industrial powerhouses like China and India are not allowing privately held and traded digital currencies but coming up with a government floated and regulated digital currency.

The Communist government of China launched the first official digital currency of the world, which it sees as an alternative to the US dollar, amid the Coronavirus pandemic last year in June, and a few months after, trading of all private currencies like Bitcoin was blocked.

The Indian government should come up with a better regulatory mechanism for regulating cryptocurrency instead of banning it because the technology has the ability to solve the credit crunch (especially for MSMEs, which pay a poverty premium for credit) in India. “Inflows of cryptocurrencies from KYC-ed investors through approved Indian and global exchanges can potentially be allowed into India for the purposes of enhancing SME access to low-cost global capital,” wrote iSPIRT, the technology think-tank that has been behind revolutionary applications like UPI.

The Indian government is also supporting the underlying technology behind crypto, blockchain, for various purposes like CBSE results. A blockchain collects information together in groups, also known as blocks that hold sets of information. Blocks have certain storage capacities and, when filled, are chained onto the previously filled block, forming a chain of data known as the “blockchain.”

Read more: With India’s first big blockchain application, CBSE ensures results are tamper-proof

Thus, just like other use cases of blockchain are being promoted, crypto also needs to be promoted but with a better regulatory mechanism so that it cannot be used for illegal transactions. Also, the media, which played a major role in creating the crypto frenzy, needs to report with more responsibility and inform the people about the limitations and negatives associated with this new technology.  

Tags: BitcoinblockchainCryptocurrency
Share18TweetSend
Previous Post

Pakistan gleefully kept creating terror groups. Now all of them are coming for Imran Khan

Next Post

Biplab Deb is a simple man. He sees TMC goons. He gets them bashed up

Related Posts

Saquib Nachan, Alleged ISIS India Chief, Dies After Brain Haemorrhage in Delhi Hospital
Trending

Saquib Nachan, ISIS India Chief, Dies After Brain Haemorrhage in Delhi Hospital

28 June 2025

Saquib Nachan, the man accused of leading ISIS ’s operations in India and a former key figure in the...

VP Dhankhar Questions Emergency-Era additions to Constitution
Trending

VP Dhankhar Questions Emergency-Era Additions “socialist” and “secular” to Preamble, Calls Them a Wound

28 June 2025

Vice President Jagdeep Dhankhar has reignited a powerful national debate on Saturday saying that the words “socialist” and “secular”...

Prada acknowledges India's traditional intellectual property
Trending

Prada Responds to Controversy Over Kolhapuri Chappals, Acknowledges Indian Footwear Inspiration

28 June 2025

Italian luxury fashion brand Prada has responded to growing criticism regarding its Spring-Summer 2026 collection, which featured sandals resembling...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

The gulf crossroads: usa stakes, China's money and Iran's nuclear threat.

The gulf crossroads: usa stakes, China's money and Iran's nuclear threat.

00:30:34

HOW NDA IS MAKING IN- ROADS INTO TAMIL NADU?

00:05:57

the ganga treaty is about to expire. What happens next?

00:06:54

India's Rise: Defense and Diplomacy in 2047 Vision

00:22:51

1975 emergency: India's 21 month dictatorship.

00:10:29
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited