Indian Finance Minister states cryptos not legal tender in Budget speech

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The official statements from Mr. Arun Jaitley, Finance Minister read as follows: “The
Government does not consider cryptocurrencies legal tender or coin and will take all
measures to eliminate use of these crypto assets in financing illegitimate activities or as
part of the payment system. The Government will explore the use of blockchain technology
pro-actively for ushering in a digital economy.” According to industry players and analysts, it
does not mean that it is illegal to hold these currencies, but only means it is illegal to transact
using them in place of legal tender.

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Comments

    Tori

    (August 8, 2018 - 11:04 am)

    No qutiseon this is the place to get this info, thanks y’all.

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