Cryptocurrencies
India Turns Against Bitcoin But Embraces Blockchain
- Govt doesn’t consider cryptocurrencies legal tender: minister
- ‘People are getting scared’: cryptocurrency exchange official
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India’s government said it doesn’t consider cryptocurrencies as legal tender and will take all measures to eliminate payments using them.
“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,” Finance Minister Arun Jaitley told lawmakers in New Delhi on Thursday. “The government will explore use of blockchain technology proactively for ushering in digital economy.”