Due to The New Technological and Internet Technologies, Our Many offline Activities Are Shifted to Online Platform; And Due to Cheaper Availability of Mobile Data, And Mobile Devices It Enables Massive Growth of Online Customer’s. In this developing technological scenario innovations are happening in all the sectors. One of the sectors which is heavily changed due to internet and communication technologies is financial sector, in the world of financial sector, A network based New Currency Called Crypto Currency is arise. Basically, Crypto Currency Is Intangible but Valuable Object and Exist in Online Systems. It Is New Virtual Money Which Is Become Most Popular in Recent Times. In this paper, which is the outcome of A descriptive research, Investigates What Is Crypto Currency and how Bitcoin comes into existence, What Is cryptocurrency’s Working Pattern? and How People Can Own It. This Paper Also Investigates need behind Crypto Currency and what are Indian government’s concern about cryptocurrencies and bitcoin. This paper also analyses recent Indian Government steps regarding Crypto Currency, and why government are seeking opportunities in own blockchain technology.

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Keywords: Crypto-currencies, Bitcoin, VC (Virtual Currency), Blockchain Technology.