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Digital currency cannot be legal currency, India's finance minister says - CoinGeek

Retrieved on: 2024-03-18 18:17:17

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Digital currency cannot be legal currency, India's finance minister says - CoinGeek. View article details on HISWAI: https://coingeek.com/digital-currency-cannot-be-legal-currency-india-finance-minister-says/

Summary

The article discusses India's stance on cryptocurrencies as clarified by Finance Minister Nirmala Sitharaman, who asserts that while crypto can be used for trading and speculation, it is not recognized as legal currency in India. The context includes challenges like taxation and regulations in the crypto exchange sector, cryptocurrency's potential impact on finance, and the country's use of blockchain technology.

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