The Indian government says that they do not regard crypto as a legal tender and will try to remove payments by using coins like bitcoins.

In a meeting yesterday, Jaitley renewed India's commitment to end use of BTC and other cryptocurrencies in what he said was India's struggle against money laundering and terrorism financing.

He said: "The government does not recognize crypto as a legal coin and will take all measures to eliminate the use of this crypto asset in funding unauthorized activities or as part of the payment system".

But he did not rule out the possibility to see more blockchain technology.