Tamilnadu BoardEnglish MediumSTD 12EconomicsMonetary Economics3 Marks
Question
What is the meaning of Crypto currency?
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Answer
Crypto Currency:
A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a Central Bank.
Decentralised crypto currencies such as Bitcoin now provide an outlet for Personal Wealth that is beyond restriction and confiscation.
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