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RE: India Didn't Ban Cryptocurrency - Yet Another FUD Day In Crypto

in #bitcoin8 years ago

it starts at 0.50 seconds .For anyone who cannot understand hindi the main essence here is that the government said that crypto currencies are not legal tender in India, just like US dollar is not legal tender in india.You can not pay for goods and services in india using USD.The whole point the government is making by this announcement is that they will be trying to regulate the cryptos in an attempt to ensure that they are not used for illegal activities and i think we all can agree that is a good step.I am an indian and i can tell you the day it is illegal i'll be the first to let you know as of now however news media outlets have mis-interpreted what was actually said.

PS:sorry it took so long to upload here, i think we can all agree these downtrends are killing just about everybody.