India's Finance Minister, Arun Jaitley had a great time cryptocurrency when he delivered an annual budget planning speech on February 1. Considered the Indian government will and even "able" to ban the use of Bitcoin in its country. Market immediately reacted and resulted in the fall of Bitcoin and other major crypto currencies. Based on coinmarketcap data, the average decline in the past 24 hours is more than 10 percent.

The negative response was due to Jaitley's statement that crypto money was not legal tender in the country and promised to crack down on all violations of the law regarding crypto money. This statement was then "packaged" in a language that misled / misleading the mainstream media and social media that there would be a ban on everything related to cryptocurrency.

In the budget planning speech, Jaitley said "The government does not recognize crypto money as a legitimate payment and will take steps to get rid of the use of crypto assets in financial activities that violate the law or as part of a payment system."

The context of the statement, the Minister of Finance will get rid of all the use of crypto money that violates the law. The key word is in "breaking the law". But the media is trying to lead opinions with headlines "Bitcoin is banned in India". With the emphasis on the key words in "all use of crypto money" as if ignoring additional information behind it is a violation of the law.