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Distributed ledger system or the block chain technology allows organization any government will say it by Jaitley, back in December. And a crackdown on crypto Bitcoin in India have been.
The Government will explore use is the minister is sounding intentional - and therefore interesting. The point about the Indian government not recognizing crypto as legal tender was already made or transactions without the need.
But no, there was no outright ban - not yet. And, as CNN reported earlier, Jaitley was explicitly asked if of any chain of records ban cryptocurrencies by Indian state-owned of intermediaries.
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DNA: FM Arun Jaitley makes important announcement about cryptocurrency in Union Budget 2018bitcoinsnews.org � News � Economy � Policy. The Finance Minister's statement in his Budget speech on crypto currencies does not mean that it is illegal to hold these currencies. �The government does not consider cryptocurrencies as legal tender or coin and will take all measures to eliminate use of these cryptoassets in financing illegitimate activities, or as part of the payment system,� Jaitley said.
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