Budget 2018: Is Bitcoin Now Illegal in India?

Name: Budget 2018: Is Bitcoin Now Illegal in India? - The Wire
Uploaded: 2018-02-07T13:56:54+05:30
Channel: The Wire
Description: In his Budget speech, Arun Jaitley said that cryptocurrencies are not legal tender. Apart from the finance minister's statement, the government has given several mixed signals on its outlook toward cryptocurrency, which has confused investors, in part leading to a drop in the market value of Bitcoin.

In his Budget speech, Arun Jaitley said that cryptocurrencies are not legal tender. Apart from the finance minister's statement, the government has given several mixed signals on its outlook toward cryptocurrency, which has confused investors, in part leading to a drop in the market value of Bitcoin.

Hina Fathima

budget 2018 is bitcoin now illegal in india

A Bitcoin (virtual currency) coin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration

The government has given several mixed signals on its outlook toward cryptocurrency, which has confused investors, in part leading to a drop in the market value of Bitcoin.

This article went live on February seventh, two thousand eighteen, at fifty-six minutes past one in the afternoon.

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