The crypto currency and crypto market have always been controversial right from the beginning. Mainly, because the crypto currencies like Bitcoin, Ethereum and other they are decentralised currencies based on the block chain technology and a result they fall outside the regulation of the government and Central Bank. While many believe that the crypto currency are the future of transactions and mean while they consider it as a good hedge against inflation. The government's and Central banks around the world on other hand are of the view that crypto currencies cannot be treated as a legal tender as they are not only volatile, but also very risky due to its decentralised & anonymous nature which also makes it vulnerable for misuse by organise criminals and those who are involved in money laundering. So due to all these factors most government and Central banks Around the world have taken stand against the crypto currency India's stand on this The RBI in past as we...