TagArun Jaitley

India Signals Crackdown on Bitcoin, Cryptocurrency Usage

India cryptocurrency

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...

Bitcoin Isn’t Legal Tender in India, Says Finance Minister

India’s foremost financial official has publicly refuted bitcoin as a currency and legal tender in the country. Speaking at Tuesday’s session of the Indian Parliament, finance minister Arun Jaitley doubled down on his take on cryptocurrencies and specifically, bitcoin. According to local publication ZeeBiz, Jaitley refuted bitcoin’s acceptance as legal tender in the country while pointing to a...

India’s Bitcoin Market is Growing, Admits Finance Minister Jaitley

India Bitcoin tax

As Indian authorities ponder a regulatory framework for the future of digital currencies in the country, India’s foremost financial official has remarked about the growing popularity and adoption of bitcoin. Indian Finance Minister Arun has admitted that the last few years have shown a “notable growth” of the bitcoin market in India. According to the Hindu, the senior government official further...

India's Inter-Disciplinary Committee Submits Bitcoin Report to Jaitley

The discussion of bitcoin regulation in India has long been debated with no solid outcome. Now, though, users of the digital currency will soon know how the government is going to deal with its regulation after a government-appointed panel submitted its report to finance minister Arun Jaitley. It may be remembered that earlier in March, the country’s Ministry of Finance established an...

Digital Currency the ‘New Normal’, says Indian Finance Minister After Cash Curb

As India and its citizens continue to feel the aftermath of the unexpected and unprecedented demonetization event - the ban of Rs 500 and Rs 1,000 notes, two of India's biggest bank notes - Finance Minister Arun Jaitley has pointed a silver lining – “less cash transactions and an increase in digital currency.” Speaking today, Indian finance Minister Arun Jaitley has opined that India will no...

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