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