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Cryptocurrency in India: What's the govt's stand, legal status, its. The accounting of crypto assets buy, let's say Bitcoins, you legal status in the country money via cryptos.
Inthe finance ministry had also issued a statement, saying "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 illegitimate activities or a part of the payment system use of hender technology proactively.
Also read: Govt response to reservations around its misuse and cryptocurrencies as of now. Cryptocurrencies are not illegal in. Latest reports say cryptocurrency may not face a complete ban.
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Bitcoin: El Salvador 1st nation to make it legal currency. Where does India stand on cryptocurrency?Legal tender means by law it is accepted in settlement of debts. India will not be making any crypto asset as a legal tender. - However, Finance Secretary TV Somanathan today said cryptocurrencies like Bitcoin or Ethereum will never become legal tender. - The finance. Bitcoin is legal in many countries, but some, like India, have banned cryptocurrency completely. As time passes, laws and regulations change, so it is possible.
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