Last week in Arunjetly's led budget one of the highlight was that India is either regulating nor considering crypto currency as legal tender.
This was misunderstood by most Indian crypto holders and they are in a wrong perception as it is call for Ban of crypto in India.
And as said panic sells this news in selling like a hot cake
On the other hand the income tax department issuing a crypto dealers to pay their tax on their earning .
Thus it concludes that India is not banning the crypto but they are not sure about the consequences if they agree crypto currency as a legal tender due to various economic reasons like the INR value against international market
As well as volatile market of digital currency
they don't want to take a chance
But he clearly mentioned they will explore the block chain technology as such
What's your thoughts on india's move towards digital currency?