Bitcoin Is Officially Illegal In India As The Government Does Not Recognise It As A Legal Tender


Bitcoin Is Officially Illegal In India As The Government Does Not Recognise It As A Legal Tender
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This was supposed to happen sooner or later. I predicted a few weeks ago that “The Man” will eventually regulate or altogether ban cryptocurrency and as of today, it is banned in India. Finance minister Arun Jaitley stated in his budget speech today that the government will do everything in its power to discontinue the use of bitcoin in India. It is not only limited to bitcoin and Jaitley has extended the ban to every virtual currency there is.
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