National

Bitcoin not a legal tender: Jaitley

Finance Minister Arun Jaitley speaks in the Rajya Sabha in New Delhi on Tuesday.

Finance Minister Arun Jaitley speaks in the Rajya Sabha in New Delhi on Tuesday.   | Photo Credit: PTI

more-in

Bitcoins or any such cryptocurrency are not legal tender and those indulging in such transactions are doing it at their own risk, Finance Minister Arun Jaitley said in the Rajya Sabha on Tuesday, as several members voiced concerns over trading on virtual currencies. During Question Hour, DMK member Kanimozhi wanted to know if the government was considering regulating cryptocurrencies such as Bitcoin and Ethereum.

Mr. Jaitley said the government’s consistent position was that such currencies were not legal tender.

Why you should pay for quality journalism - Click to know more

Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Jan 21, 2020 10:30:46 AM | https://www.thehindu.com/news/national/bitcoin-not-a-legal-tender-jaitley/article22353811.ece

Next Story