UPSC Prelims 2016 · GS Paper 1 · Q66

Economy

Medium · Bitcoin, Virtual Currency

Consider the following statements regarding 'Bitcoins':

1. Bitcoins are tracked and issued by a central bank.

2. Anyone holding a Bitcoin address can send or receive bitcoins from anyone else with an address.

3. Online payments can be made without either party necessarily knowing the other's real world identity.

Which of the statements given above are correct?