India: Bitcoin Prices Drop As Media Misinterprets Govt’s Regulation Speech
India: Bitcoin Prices Drop As Media Misinterprets Govt’s Regulation Speech
Bitcoin markets are reacting to fresh regulatory comments on crypto from India’s finance minister Arun Jaitley, made during his most recent budget speech in the Parliament today, Feb.1.
During his budget speech today, Jaitley stated:
“The government does not recognise cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system.”