Bitcoin in India: Has India just destroyed Bitcoin?
Will BTC now crash?
BITCOIN could have just been DESTROYED after India’s finance minister Arun Jaitley vowed to ban cryptocurrency and discontinue the use of bitcoin. Will the BTC price now crash after India threatened a digital cash ban?
India’s government said it does not consider cryptocurrencies to be legal tender and will try tp phase out payments using coins such as bitcoin.
In a meeting yesterday, Mr Jaitley renewed India's commitment to ending the use of BTC and other cryptocurrencies.
The ban, he said, was India’s continuing fight against money laundering and the funding of terrorism.
He said: “The government does not recognise cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these crypto assets in financing illegitimate activities or as part of the payments system”.
However, he did not rule out looking further into blockchain technology.
He said: “The government will explore use of blockchain technology proactively for ushering in digital economy.”
no india can never do because of power
I have big loose on Bitcoin
If India ban cryptocruncy they don't know what they are going to loose... because cryptocruncy is the future 🚀
indian govt is not good for making future india
indian government is taking cryptocurrency to easy
they should support cryptocurrency for bright future of India @bit4all
https://steemit.com/fifaworld/@allinonesaurav/fifa-world-cup-2018-after-argentina-s-shocking-loss-to-croatia-supporters-cope-up-with-memes-and-gifs
upvote me on this post
Congratulations @biz4all! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard!
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes