Cryptocurrency Regulation In India Remains As It Is

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Arun-Jaitley-bitcoin-announcement

Today Indian Horn. Finance minister Arun Jaitley  declare the union budget 2018, where bitcoin is again with harassed position. In India there is no such rule for regulation of cryptocurrency and according Jaitley’s declaration India will not allow bitcoin or altcoins to be used and legal tender and it will remain illegal. The statement is misguided by various media and which cause a sharp fall in Bitcoin price both on Indian crypto market as well as worldwide according to coinmarketcap data. Since from last day The price falls 18% down in India and it is 9.5% in worldwide.

The announcement of Indian finance minister sounds as India may plans to ban Bitcoin. However, according his statement India will use this great blockchain technology and will consider about digital economy.

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