India Signals Crackdown on Bitcoin, Cryptocurrency Usage

In presenting the country’s budget plan for 2018 today, Indian finance Minister doubled down on refusing to recognize cryptocurrencies like bitcoin as legal tender amid talk of a wider crackdown on their usage. Speaking at the Indian Parliament while presenting the Union Budget 2018-19 today, India’s finance minister Arun Jaitley said: The Government does not consider cryptocurrencies as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system. https://coincrunch.in/wp-content/uploads/2018/02/Arun_jaitely_speech_budget_2018_bitcoin_cryptocurrency_legal_tender.mp4   The finance minister’s declaration comes a little over a month after the country’s … Continue reading India Signals Crackdown on Bitcoin, Cryptocurrency Usage