While other countries are accepting bitcoin, India still lacks behind taking the decision. There are several security reasons due to which Indian government is taking a time to examine virtual currency. The best bitcoin exchange in India also took part to make understand and clear the facts related to bitcoin.
The reason of Indian government given below:
The reason of Indian government given below:
- The bitcoin work on blockchain technology that provides both sender and receiver to check on the fund and track them but central banks can't check on the black money transaction.
- Hacking of your system, account or bitcoin address.
- If you face the problem like loss of password, it cannot to tracked again.
- The virtual currency is highly bullish in nature.
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