What's New :
ITS 2025: Integrated Test Series & Mentorship Program for Prelims and Mains. Get Details
8th September 2021 (5 Topics)

Circulation of Stable Coins increases globally

Cryptocurrency has wide ranging applications, but it comes with its threats. Discuss. (250 Words)

Approach:

  • In the introduction, provide a brief definition of cryptocurrency and its types - decentralised and stable coins
  • Enumerate the benefits of Cryptocurrency
  • Highlight the problems associated with wide range use of Cryptocurrency.
  • List the steps taken by Government with regard to Cryptocurrency
  • Way forward and conclusion

Verifying, please be patient.

Enquire Now