Union Budget 2018 : Jaitley says Cryptocurrency is not legal tender
Union Finance Minister Arun Jaitley has begun the presentation of Union Budget 2018 in the Parliament on Thursday. Speaking at the Parliament, FM Jaitley said Cryptocurrency is not legal tender. He proposes that 1 lakh Gram Panchayats will be connected with Optic Fibre Cable. He also proposes 5 lakh WiFi hotspots in rural areas. Techies, fintech experts, even the common man with an investment in this volatile offering might be disappointed with clarity on the government's stance on cryptocurrencies. On February 1, 2017, the Reserve Bank had reminded the users of risk involved in bitcoin trading. Watch this video to know more about the news.