With reference to 'Bitcoins', sometimes seen in the news, which of the following statements is/are correct? 1. Bitcoins are tracked by the Central Banks of the countries. 2. Anyone with a Bitcoin address can send and receive Bitcoins from anyone else with a Bitcoin address. 3. Online payments can be sent without either side knowing the identity of the other. Select the correct answer using the code given below.
A1 and 2 only
B2 and 3 only
C3 only
D1, 2 and 3
Answer & Solution
Correct answer: B. 2 and 3 only
UPSC CSE Prelims 2016 (GS-I, Set A), Q.66. Answer key: B (coaching consensus; UPSC did not publish an official 2016 AK separately on upsc.gov.in).
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