Economical judgements

Virtual Currencies and Cryptocurrencies Virtual currency are the form of digital currency and it is only available at virtual world. But at the same time ,Cryptocurrencies are also digital currency but it exist online along with it is also called virtual currencies because created by Cryptographic Algoritms. 1. At Present Condition There is no any kind of globally definition of Virtual Currency because it is known as Non-Fiat currency. It is such type of currency which is issued by government ,centralized(Monitored by govt) it is physical medium of exchange ,and unlimited supply. 2. Whereas ,Cryptocurrency is generated by computers. (a) it is decentralized because no one can control it. (b) it can be exchanged digitally only. (c) unlimited supply. 3. Does Cryptocurrency consider dangerous? Many organisations all over the world have mentioned for precautions while dealing with the Virtual currency. IN 2013 ,first time RBI had warned to users ,holders and traders about Virtual currency that be be attentive about potential financial risk ,legal and customer protection and security risk that never exposing themselves to. (4) Decision Conflict between RBI and Supreme Court After the judgement of Supreme Court, RBI could rethink about the policy of Virtual Currency. IT is expected that the RBI will reconsider on it's decision and design a new calibrated frame work which will deal with technological advancement. (Supreme Court mention that dealing with these currencies a country can get potential ecomonmic benefits.)