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.
Trade BTC with no FEARyes, this is a smart government because of the policy I think is appropriate for the function of cryptocurrency is to be a digital asset that should be maintained due to the support of cutting edge technology. for the common good, including the appreciation of the people who expect the certainty and support from the government. this time the media has been in accordance with the nature of preaching the fact that there is good and useful, do not look at the element of news manipulation or public deception and I believe.