With all the buzz around bitcoin, did the Budget just do a buzzkill? Enthusiasts of cryptocurrency in India have come up with different interpretations of the finance minister’s Budget speech, with some claiming that it had been declared illegal.
What the FM actually said was that the government did 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”.
Also Read:Here Is The Complete List Of What Is Getting Expensive And Cheaper After The Union Budget 2018
For the uninitiated, cryptocurrency is a digital currency where encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.Click Here: collingwood magpies 2019 training guernsey