India Budget 2018-19 | Arun Jaitley, Finance Minister of India on Cryptocurrency

[remedcu]

Source: https://steemit.com/remedcu/@remedcu/india-budget-2018-19-or-arun-jaitley-finance-minister-of-india-on-cryptocurrency

As quoted by Arun Jaitley, Finance Minister of India about Blockchain & Cryptocurrency in India's budget 2018-19:

"Distributed Ledger System on the Blockchain Technology, allows organisation of any chain of records or transactions without the need of intermediateries.

The government does not consider Cryptocurrencies as legal tender or coin. And will take all measures to eliminate the use of these crypto assets in financing illegitamate activities or as a part of the payment system.

The government will explore use of blockchain technology proactively for ushering in a digital economy."

[timadok911]

The problem of understanding the government and ordinary people has always been acute and will stand, misunderstanding of its benefits hinders the development of the country as a whole, and ordinary people suffer to which the rulers do not really care. (((But in Belarus all the president's good allowed all exchanges and sites for the development of cryptocoyin in country))