In the present digitalised world, Cryptocurrency is an encrypted, peer-to-peer or virtual currency which is available only in Online digital form .Cyber currency is based on block chain technique which is secured by cryptography and mechanised by powerful computer system.  Cryptocurrency is deprived of the primary issuing or controlling authority, while using the Default Program to record the occurrence and release of new units. The first Cyber ​​currency was Bitcoin launched in 2009, after which a number of virtual currencies have been introduced. Most of the interest in cryptocurrensets is to trade for profit and speculators sometimes drive prices upHere is bafflement about cyber currency as there is lot of scepticism around it. This paper is to explore the swap framework of cryptocurrency in global manner and in India's perspective. This research paper is to discern the inference for inspite of many of countries as El Salvador have accepted the Bitcoin as legal tender, many of major countries like Cuba ,Ukraine ,Japan etc.  and received a digital token in the same way, but on the contrary, in India, the Reserve Bank of India and the Treasury Department issued a warning against the use of digital currency by investors. The government is even preparing a “Cryptocurrency and regulation of the official digital currency bill” to apply for regulatory financial transactions.

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Keywords: Cryptocurrency, Bitcoin, Decentralized System, Scepticism, Digital Currency Bill.