A STUDY ON INDIAN CRYPTO CURRENCY

PRESENTED BY N. Somi Reddy

(Reg No: 0012140014)
Under Guidance of

DEPARTMENT OF COMMERCE
YOGI VEMANA UNIVERSITY
Accredited with Grade “A” by NAAC
VEMANA PURAM
 AGENDA
1. INTRODUCTION
2. METHODOLOGY
3. NEED OF THE STUDY
4. OBJECTIVES
5. SCOPE
6. LIMITATIONS
7. ANALYSIS
8. CONCLUSION
 INTRODUCTION
 Digital currency.

 In 2008, Satoshi Nakamoto released a white paper titled, “Bitcoin: A Peer-to-Peer Electronic

Cash System.
 Payment using encryption algorithms technologies that is block chain.
 protected by cryptography: (a) Secure transaction
(b)Creation of new coins.
 The use of encryption technologies currency and as a virtual accounting system.
 Designed for the purpose of exchanging digital information.
 Bitcoin was the first and most popular cryptocurrency, launched in 2009.
 There is no government involved.
 TOP 5 CRYPTO CURRENCY’S
•Bitcoin. ₹ 24,10,042.

•Ethereum. ₹ 1,54,050.

•Tether. ₹ 82.26.

•BNB.[Binance] ₹ 20,055.

•XRP. [Ripple] ₹ 57.98.

 METHODOLOGY
 Researcher have been selected analytical research methodology for the
this study.
 objectives of the research, researcher used secondary data from various
publications by financial websites,
 government of India, journals, news papers, books and magazines etc.

SOURCES OF DATA COLLECTION

Secondary data
 The secondary data necessary for completing the investigation will be
collecting from the published sources
 in the academic libraries, web sites, books, journals, magazines, etc.
 NEED OF STUDY
• This study provides an opportunity to develop analytical
skills, technical skills and give exposure towards digital
currency revolution.

• To give the overview of the cryptocurrency market in India.

• To find out the financial position of the company.

• To find out profitability of the company.

• To know the assessing operating efficiency.

 OBJECTIVES
 To learn the impact of cryptocurrency on Indian economy.

 To study the current status of cryptocurrency in India and the

future it holds.

 To understand the significance of cryptocurrencies according

to the perception of investors.

 To predict the future prospects of the cryptocurrency

investment market.
 SCOPE

 There will be a flat 30% tax on profit from crypto and

other digital assets.

 There will also be a Tax Deduction at Source (TDS) of

1% for transactions greater than Rs. 50,000.

 Investments in crypto assets have also gained great

momentum.
 LIMITATIONS

•Scams and frauds. Bitcoin is technically difficult and not easy to

understand for a common citizen.
•Black market activity. Bitcoin is popular in the black market and
criminals.
•No refund.
•Future Cryptocurrencies.
•Cyber hacking.
 ANALYSIS
 As per a report by the Economic Times almost 20 million people
invested in cryptocurrency in India, in 2021.

 In India, Coin Switch Kuber is the biggest cryptocurrency exchange

platform.

 In Union Budget, 2022, cryptocurrency was given legal sanction,

virtually. When the finance bill, Finance Minister didn’t refer to
crypto as a “currency”. but she gave it a legal status by labelling it
as “digital assets”.
 CONCLUSION
 Crypto-currency is such an invention which has become a
global phenomenon.
 Earlier RBI warned the Indians from using cryptocurrency
that to be associated with money laundering and terrorist
financing.
 Indian government should take responsible steps now to
regulate such currency as its user in India is rapidly growing