Today, Indian Finance Minister has issued a statement:
The government does not consider cryptocurrencies legal tender or coin, and will take all measures to curb the use of these crypto-assets in financing illegitimate activities or any part of payment systems.
There is no statement about banning cryptocurrency in INDIA at all.
Read over that again...
'financing illegitimate activities' - This may include drugs/prostitution/terrorism/etc
On the contrary, the statement was continued as
the government will instead encourage blockchain technology in traditional payment systems
Thus, illustrating that the Indian government does indeed see the value behind cryptocurrency, if not as legal tender.
So, a shout out to all new comers specially from south asia, stop panicking and get matured over FUD.
PS: Leave a merit if my post helped you in any way.
Thanks you for spreading the word. People need to look further than just the local media, since it is trying to spread a lot of FUD recently
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