Bitcoin Price Drops Under $4000 on Indian Exchanges
Bitcoin Price Drops Under $4000 on Indian Exchanges, Amidst National Budget
Indian Finance Minister Arun Jaitley assured there would be a crackdown on the cryptocurrency market, targeting its use for tax evasion, money laundering, and other illegal purposes. Jaitley, while presenting the Union budget, emphasized again that bitcoin is not adjudged as a legal tender.
“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,”