Trading In Bitcoins, Ethereum Illegal.
Bitcoins or such crypto-currencies are not legal tender and those indulging in such transactions are doing it at their own risk, INDIA'S Finance Minister Arun Jaitley said today as MP'S expressed concern over trading on these platforms.
During the Question Hour in Rajya Sabha, DMK member Kanimozhi sought to know whether the government was considering regulating crypto-currencies like Bitcoin and Ethereum, as India "accounts for more than 11%" of such trade globally.
Jaitley emphasised that the Centre's consistent position was that such currencies were not legal tender.
The government is examining the matter. A committee under the chairmanship of secretary, department of economic affairs, is deliberating over all issues related to cryptocurrencies to propose specific actions to be taken.
While a repeated message was being given that such currencies were not legal tender, more detailed steps would be taken once the report of the committee is submitted.
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Japan and Belarus will be a Citadel in near future
Yup
good piece of information dear
I don't think any government has accepted or adopted it so its still illegal to government
Nice post
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well good to see that post
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Going to buy some etherum and steem soon Wish me luck
✅ done