For decades, the investment options were limited to assets such as real estate, gold, bank deposits, and stocks. Over the past few years, a new investment asset class is making everyone’s eyes turn – cryptocurrency. This latest type of asset has been giving out good returns for its investors, promises to disrupt the monopolistic tech ecosystem and now everybody wants a piece of this action. The total global crypto market value now exceeds $ 2.12 trillion, with a daily global trading amount of more than $100 billion. But before you decide to dive in, it is best to understand this investment avenue better. Regardless of whether you trust the technology or not , it has become a global phenomenon over the last decade. Let’s dive deeper into how this technology has impacted the Indian economy and the future plans and outlook for cryptocurrencies. This research paper will help to study the different aspects of cryptocurrencies, starting with their history, types, India’s role in crypto market, its grey areas and the way forward.