CryptoCurrency Bill 2021

Category: Politics

Cryptocurrency is digital money produced & deposited applying blockchain technology. Its etymology is traced to when anarchist groups lost faith in FIAT MONEY because USA’s Subprime Crisis (2007) eroded the purchasing power of the US Dollar. They also dislike Banks & Card Companies because of transaction charges on e-banking, card payments, MDR, and interoperability issues. As a result, cryptocurrency was envisaged as an idea to break this monopoly and empower all sections of economic participants.