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India's bitcoin exchange has set up a self-regulating organization that sets standards for KYC and AML standards, as local regulators are unclear about the industry's management and guidance. Earlier this month, India's central bank issued a warning against investments or use of cryptocurrencies such as bitcoin. In mid-november, India's Supreme Court has urged government authorities to regulate bitcoin, as it sought to clarify the legal status of bitcoin in India. (2) actual income -- the increase of material wealth; In the face of market failure, coase has given the opposite answer: external-utility problems can be solved by explicitly using the market, without government intervention. And zhang wuchang is more absolute, he said that there is no so-called external utility, there is only unclear property rights. Anyway, coase brought revolutionary innovation to market concepts. He made it clear that the key to the market was not the "price mechanism" of impersonal machinery, but the power of participants in economic activity. According to this model, the interest rate decision depends on the supply of savings and investment needs, money supply, money demand, four factors, cause a change in the saving investment, money supply and demand factors will affect the level of interest rates. This theory is characterized by general equilibrium analysis.