The Hindu Editorial (Ban or regulate) – Jul 29, 2019

The recommendation of an inter-ministerial committee that India should ban all private cryptocurrencies, that is, Bitcoin and others like it, hardly comes as a surprise. For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Ban or regulate)- Jul 29, 2019.

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Courtesy: The Hindu

Today’s word list-2 for The Hindu Editorial (Ban or regulate) – Jul 29, 2019:

cryptocurrency (noun) – a type of digital currency.
bitcoin (noun) – a type of digital currency (cryptocurrency).
time and again (phrase) – frequently, often, repeatedly.
distaste (noun) – dislike, disfavour, aversion.
owe (verb) – be in debt, be indebted; have something because of.
encryption (noun) – the process of encoding a message or information to protect from unauthorized person.
legal tender (noun) – cash, hard cash; coins or banknotes.
yo-yo (verb) – alternate, vary, oscillate.
blockchain technology (noun) – a technology by which a global network of computers jointly manage the database that records Bitcoin (a type of digital currency) transactions.
speculation (noun) – investment with the expectation of gain (and also with the risk of loss).
use case (noun) – a specific situation.
pornography (noun) – obscene or indecent digital material (movies, pictures, magazines, etc.,) that show or describe sexual matters in order to cause sexual excitement.
defraud (verb) – swindle, cheat, deceive.
come across (phrasal verb) – discover, encounter, find/unearth/uncover.
wary (adjective) – cautious, careful, circumspect/alert.
advocate (verb) – support, champion, uphold.
thrive (verb) – flourish/prosper, develop, burgeon.
realm (noun) – area, field, domain (of activity).
deem (verb) – regard as, consider; view as.
imprisonment (noun) – incarceration, confinement/captivity, detention.
jurisdiction (noun) – authority, control, leadership.
outright (adverb) – completely, entirely, fully.
purview (noun) – range, scope, ambit.
money laundering (noun) – a secret act of moving illegally acquired funds into legal bank accounts or investments.
take one’s cue from (phrase) – follow the example of.
owing to (phrase) – because of, as a result of, on account of.
non-existent (verb) – not present, not existing; non practical/notional.
driven past participle of drive (verb) – power, push, move.
fast-paced (adjective) – developing very quickly.