Indian government not support bitcoin like crypto currency
Breaking news
Government does not support any kind of cryptocurrencies. And will take all steps to stop their illegitimate use. Finance minister during budget
In budget session indian finance minister says that govt. Not support ant cryptocurrency such as bitcoin, ethereum, ripple etc. They should plan to ban crypto currencies in india soon.
This is not good :( they dont want to be tech I guess ;)
Absolutely right.The Government does not consider Cryptocurrencies as Legal Tender or Coin and will take all measures to eliminate the use of these Crypto Assets in Financing Illegitimate Activities or a Part of the Payment System. The Government will explore use of Blockchain technology proactively for assuring in Digital Economy.
- Arun Jaitley
Finance Minister - India