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Japan has recognized bitcoins as a currency like any other fiat money,
Which of the following statements regarding bitcoins are correct ?
1.Bitcoin is a digital currency held electronically
2. It is regulated by the world bank.
3. These are also called”crypto currency”
Select from the codes given below:
1 & 2
2 & 3
1 & 3
all of the above
2nd statement is incorrect. Bitcoins are not regulated by World Bank. Bitcoin is a digital and global money system (currency). It allows people to send or receive money across the internet, even to someone they don't know or don't trust. Money can be exchanged without being linked to a real identity. The mathematical field of cryptography is the basis for Bitcoin's security.
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