6th October 2021 (5 Topics)
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IMF warns against the adoption of Crypto currency
An outright ban of Cryptocurrency is not a favourable policy option for India and India should focus on regulation of cryptocurrency instead. Discuss. (250 Words)
Approach:
- Introduce by giving a definition of Cryptocurrency
- Enumerate briefly the threats due to Cryptocurrency
- Enumerate reasons why regulation is more favourable than banning
- Conclusion
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