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Are Bitcoins safe?

Yes, bitcoins are safe, but no investments are completely free of risks. Bitcoins are legal. There is no governing body to protect investments in bitcoin. One can hold bitcoins as an investment, sell bitcoins, and buy bitcoins. Even publicly traded companies have invested billions of dollars in bitcoins. You can read about the Bitcoin: Notes for UPSC Exam in the given link.

Further readings:

  1. Cryptocurrency: Definition, Advantages & Disadvantages
  2. India Report on Digital Education 2020 [UPSC Notes]
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