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What is Cryptocurrency and why is the Indian Government planning to ban it?

Cryptocurrency, which is virtual or digital money, gained traction in India in 2016 after the Demonetisation announcement. Currently, the investor interest in Bitcoins is at an all-time high in the country. But, the government is looking to introduce a law that bans cryptocurrency trading in India.

As per Microsoft's Security Endpoint Threat Report of 2019, India's encounter rate for crypto-mining attacks is 4.6 times higher than the global and regional average. What is it about Bitcoin trading that makes it risky for investors and why are governments concerned?

Here's everything you need to know.