Hey guyz,

On feb 1,2018 Indian FC made statement about crypto in Budget 2018.

“…The Government does not consider crypto-currencies 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. The Government will explore use of Blockchain technology proactively for ushering in digital economy.”

Media mis-presented the statement by saying that crypto is illegal in india, But thats not  the case.

All FC said that Crypto is not a legal tender, which means that cypto will not be used as payment system in india.

Last i cheked gold is also not a legal tender doesn't mean that its illegal to possess it. Or If someone is using gold to fund illegal activities Govt. will not ban Gold trading in country.

If you still don't trust me check what is the statement of Indian Blockchain committee head >>>>https://yourstory.com/2018/02/indian-blockchain-committee-head-clarifies-cryptocurrency-not-illegal-india/


PS-- Media has a habit to mis-present things, so guyz donot be afraid bitcoin trading is not illegal in india till indian Govt. says so.

PPS- Sorry for my mis-understanding, will make a change to last post.


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