Is cryptocurrency a legal tender? if not! Why is it not banned?
Reserve Bank does not issue cryptocurrency, so it is an illegal tender, yet I have not heard that anyone has been legally executed for cryptocurrency.
Cryptocurrencies were introduced with the intent to revolutionize financial infrastructure. As with every revolution, however, there are tradeoffs involved. At the current stage of development for cryptocurrencies, there are many differences between the theoretical ideal of a decentralized system with cryptocurrencies and its practical implementation.
Answered
2 years ago