Quote from: chiggz on February 02, 2018, 07:04:18 AM

Quote from: ahmad21 on February 01, 2018, 05:49:55 PM

Arun Jaitley our very own finance minister today said in budget that Bitcoin will not be allowed to be a legal tender.

The guy who told cash crunch would be over within 5 days of demonetization. I wouldn't trust him a bit.

Many shops where I live use eclairs as legal tender for small change Cheesy

Haha Eclairs and all other types of candies have already been given a legal tender I think. People are reluctant here to accept Rs.10 coins but eclairs generally face no such issue.

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Quote from: ahmad21 on February 01, 2018, 05:49:55 PM

I hope I have contributed a bit in removing the FUD.

You have. But the FUD will be going on until the government sets clear rules for the exchanges to work on. Recently Banks have started to part ways with many Crypto exchanges making it harder for people to withdraw the money. Its clear RBI won't ever allow decentralized currency in any form. They are not clearing their stand whether trading in bitcoin is legal or illegal. Wish something like South Korea would have happened in India.

Moreover I think its a bit difficult to imagine something what happened in Korea will happen in India unless Ministers themselves are a bit willing to keep their black money in blockchain. Because even with demonetization the government tried to curb the money laundering in cash I don't think will allow such things in India because whatever you might say anonymous trading cannot be completed curtailed until you illegalize the whole cryptocurrency out of the system which no doubt in itself is equally difficult.