Here is a look at the legality or illegality of uses of cryptocurrencies in India

Tuesday, February 6, 2018

The statement of the Finance Minister Arun Jaitley in the Budget speech on cryptocurrencies created quite a disruption, with many speculating that the statement implied that cryptocurrencies were banned in India.

The statement has since been cleared to establish that this was not the case, and only limited uses as legal tender and for illegal activities were not allowed. This article evaluates the legal implications of this statement on the various uses of cryptocurrencies in India.

Photo courtesy of angelx77.

Source: Firstpost (link opens in a new window)