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No mention of crypto in interim budget disappoints enthusiasts

Last year, Finance Minister Arun Jaitley stated that cryptocurrencies will not be a legal tender.

HYDERABAD: If the cryptocurrency geeks were anticipating to listen to the legality of the digital currency, it has been proved futile. There has been no announcement made on the legality of cryptocurrencies, unlike the previous year.

Last year, Finance Minister Arun Jaitley stated that cryptocurrencies will not be a legal tender. The announcement was a major setback as several cryptocurrency exchange houses, centres, where cryptocurrencies like Bitcoin and Etherium are traded, were closed. There were instructions given to banks to not have any accounts associated with cryptocurrency trading.

However, this year Finance Minister Piyush Goyal did not make any mention of the new form currency. The omission has disappointed cryptocurrency investors across the country. Many even took to Twitter expressing their disappointment.

“Several cryptocurrency investors were expecting a statement revolving around cryptocurrency. They were expecting a clarity,” said Sachin Yadav, a city-based cryptocurrency expert.Unlike in 2017 and the first quarter of 2018, surprisingly, the value of Bitcoin fell sharply this year and many expecting returns at a high rate were left disappointed.


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Author: Ajay Moses
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Here at Dollar Destruction, we endeavor to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Don’t forget to join our Telegram channel for Crypto, Business & Technology news delivered to you daily.

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