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    Detailed perspectives on developments in South Asia​​

    Bitcoins and Fiat Currencies: India’s Concerns and Implications

    Deeparghya Mukherjee

    6 July 2019

    As most of the developed world embraces the idea of crypto assets and cryptocurrencies, emerging economies like India have been debating the path they should take to accommodate the newest advances in financial technology into the financial system. This paper attempts to analyse the bitcoin as the most popular cryptocurrency, its major features in comparison with fiat currencies, the stance of India thus far and the possible path ahead.