Hi everyone. Today is big FUD spreading from morning that Bitcoin is banned in india and it is not legal after the Budget announcements by Mr. Arun Jaitly, Finance minister of India.
Official declaration by a leading Indian exchange Zebpay
Actually this was the wrong interpretation by Media and all, that Bitcoin is illegal now. In reality nothing looks like that. Everything is allright and Goverment not want to Ban Crypto trading. It is clearly stated by Goverment that Bitcoin is not a legal tender earlier. And that we know all about.
Government only wants to crackdown on illicit activities done on the basis of Bitcoin and cryptocurrency like Black money storing in BTC and Money laundering activities. People who doing legit work on Cryptocurrencies has nothing to worry about. If you are earning good profits just pay the taxes. Government also declared ealier that Cryptocurrencies are full of risk and so do it at your own risk.
So my request to All indian investors and traders here on Steemit that do not panic by such news or rumours. Your money is safe on all major Exchanges. Don't sell in loss. If you are in loss, just HODL for some time and you will se the magic Who are in profit enjoy.
Crypto is the Future
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