Indian Government Does Not Recognize Cryptocurrency Says Finance Minister

in #cryptocurrency • 7 years ago (edited)

In the annual Budget Finance Minister Declares that the Indian Government will not recognize Concurrency as a valid currency. The statement is not clear as official draft is yet to come. This was quite expected to me.

Planning to move to South Korea. Can't leave cryptos. So will leave India.

https://economictimes.indiatimes.com/news/economy/policy/arun-jaitley-settles-the-bitcoin-issue-for-once-and-all/articleshow/62737852.cms

#bitcoin #hot #news #india
7 years ago in #cryptocurrency by
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     7 years ago 

    No need to leave, just transfer coins to intl exchanges, sell thru localbitcoins. I think news guys misquoting? Illegal trade may be banned

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       7 years ago (edited)

      how to cash it out in Indian currency No where i said trading ban

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         7 years ago 

        local bitcoins have traders who buy coins and transfer to indian currency and send it to your bank acct. localbitcoins.com I think. A lot of videos on youtube explaining the procedure. I am not a member

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