"Reviewing the Literature on Bitcoin in India: Opportunities, Regulatory Challenges, and the Road Ahead"

Abstract

Bitcoin, introduced in late 2008 and implemented in early 2009, has emerged as the most successful cryptographic currency in history, pioneering the concept of a decentralized global cryptocurrency. Despite its quiet launch, Bitcoin rapidly grew to represent billions of dollars in economic value, leading to extensive analysis and research into its design, properties, vulnerabilities, and future challenges. This paper provides a comprehensive overview of Bitcoin, focusing on its benefits and examining the specific challenges and issues it faces in India. Additionally, the paper highlights the risks associated with investing in Bitcoin. The proposed problem centers on the regulatory, technological, and market challenges that hinder Bitcoin's adoption and stability in the Indian context. The solution involves analyzing these challenges and suggesting strategic measures, such as regulatory frameworks and risk management practices, to enhance the secure and sustainable growth of Bitcoin in India.