What are the qualifying features of a Crypto currency 1 It does not have real monetary value in the ...........

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What are the qualifying features of a Crypto-currency ?

1.It does not have real monetary value in the market.

2.It is not owned or controlled by any institution.

3.It allows transacting parties to remain anonymous.

4.It is a virtually held asset.

Select the correct answer using the codes below.

1 and 2 only

2 ,3 and 4 only

3 and 4 only

1 and 3 only

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Explanation:

It is a digital currency which allows transacting parties to remain anonymous while confirming that the transaction is a valid one.
It is not owned or controlled by any institution – governments or private. There are multiple such currencies — bitcoin, ethereum, ripple.
Currently, they are neither illegal nor legal in India.
We have covered the concept in an earlier test, so this need not be expanded upon further. With cryptocurrencies like Bitcoin gaining popularity in India, the government may roll out the country’s very own cryptocurrency – “Lakshmi”.