What Is A Cold Wallet For Cryptocurrency

Cryptocurrencies, by their general makeup, are wont to keep the investors and the companies dealing in them on tenterhooks. In India, their predicament is made worse mainly because of the conflicting signals emanating from two government bodies. The Reserve Bank of India, the country's autonomous central bank that decides on monetary policy and currency challenges appears to be at variance with the Finance Ministry that is in charge of macroeconomic policies, stock markets and public financing. She had stated India is not shutting off all alternatives when it comes to cryptocurrency or blockchain and fintech. As it happens, the report doesn't square with what the country's Finance Minister Nirmala Sitharaman mentioned more than the final weekend. Yesterday, a Reuters report, quoting a leading government official, stated India is proposing a law banning cryptocurrencies, fining any individual trading in the nation or even holding such digital assets. What is a cold wallet for cryptocurrency?

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