Budget 2018: Is Bitcoin Now Illegal in India?

In his Budget speech, Arun Jaitley said that cryptocurrencies are not legal tender. Apart from the finance minister’s statement, the government has given several mixed signals on its outlook toward cryptocurrency, which has confused investors, in part leading to a drop in the market value of Bitcoin.

The government has given several mixed signals on its outlook toward cryptocurrency, which has confused investors, in part leading to a drop in the market value of Bitcoin.