Bitcoins: “No legal tender”, Arun Jaitley

Bitcoin Exchanges

The Finance Minister of India, Arun Jaitley, during the session at the parliament commented that bitcoins is not a legal tender in our country. He emphasized about the exchanges identified by the government and also about the conduct of investigation suspected to have evaded tax. He cautioned the citizens with regard to investing in cryptocurrency. He added that the government is looking forward to receive a report from interdisciplinary committee proposing regulatory framework for cryptocurrency.

 

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