India Prohibits Use of Cryptocurrency

in #bitcoin • 8 years ago

India's Ministry of Finance said it did not regard the virtual currency as a legal transaction tool. The authorities also mentioned that they would restrict individuals or institutions that make payments using virtual currency.

images.jpeg

The government will not yet impose penalties for users of virtual currency. We will only restrict and disable access to cryptocurrent usage as a means of payment.

The Indian government's decision to make Bitcoin exchange rate back from US $ 10,214 per coin on Thursday (1/2) at 8:26 pm to US $ 9,428 per coin at 20:09 pm on the same day.

images (1).jpeg

Based on data from Bloomberg, the world's most popular virtual currency, Bitcoin, fell 31% in January to trade at $ 9,817 in January in January. Similar conditions experienced by other virtual currencies such as Ripple, Ethereum and Litecoin which throughout January fell more than 2%.

_20180201_224618.jpg

#steemit #news #blog #story
8 years ago in #bitcoin by
$0.00
    13 votes
    Reply 0

    Coin Marketplace

    STEEM 0.04
    TRX 0.33
    JST 0.104
    BTC 65284.65
    ETH 1965.46
    USDT 1.00
    SBD 0.37