No, India Won’t Ban Bitcoin and Will Embrace Blockchain Technology Too346.6

The Indian government talks a big talk when putting down Bitcoin and other cryptocurrencies, but such actions has done little to curb their popularity. In his annual budget speech today, Union Finance Minister Arun Jaitley once again made clear the government's intention to halt the use of Bitcoin and other cryptocurrencies in India, claiming the South Asian country does not recognize digital currency as legal tender. Jaitley has said nothing about banning Bitcoin or cryptocurrency trading. The Reserve Bank of India claims to have cautioned cryptocurrency investors three times since December 2013, claiming individuals are putting themselves at financial, operational, and legal risks, in addition to compromising their security.
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