A STUDY ON CRYPTOCURRENCY-IT IS THE TIME FOR BANKS SHOULD INVOLVE WITH CRYPTO ASSETS

In today’s time internet is proved to be the hub for economic activities. It makes life of the human being easy and stress-free. Nowadays people are taking keen interest in trading of stocks and cryptocurrency, around 83% of Indians are aware of stock trading and 16% of them own it. In 2018 government motivated the public to get involve them self in stock & crypto trading but on other hand RBI banned banks to have anything with virtual currency. Meanwhile world took huge step in adoption of cryptocurrency and now it’s time for bank to get evolved itself with crypto assets as these assets removal of intermediaries, fees and other roadblocks to large transaction, creating a faster and less expensive global payment network. Crypto assets will give more exposure to financial system by providing an alternative to traditional assets and taking the financial access to wider range. It will provide the transparency throughout the asset lifecycle. To avoid any left behind bank should adopt cryptocurrency rather than treating it as an enemy.”