India’s Finance Minister Confirms Crypto Not Recognized as Legal Tender, Media Panics

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India's Finance Minister Confirms Crypto Not Recognized as Legal Tender, Media PanicsIndia’s Finance Minister, Arun Jaitley, has confirmed that the country’s government will not recognize cryptocurrencies as legal tender, adding that authorities will seek to ramp up efforts to “eliminate” the use of virtual currencies in illicit transactions. Mr. Jaitley’s comments have been misconstrued and embellished throughout the mainstream media, with numerous reports proclaiming that India’s […]

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