Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service.
Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.
The future as it comes is going to bring along with it a new technology in the form of Artificial Intelligence.
Blockchain being the base for AI technology is the most futuristic technology as we see.
Globally, the law is very unclear pertaining to acceptance of this technology as this technology is going to bring various products shattering several Industry.
In India, Primarily it is around and in the grey zone of its acceptance.
Sooner or later it would become acceptable by all the lawmakers glober.
We had been advising various IT firms in the field of cryptocurrency and proving to them as their best Blockchain Technology Law Firm