Hi Steemitians,
The Indian Finance Ministry today cautioned that virtual currencies are not legal tender and such currencies have no protection.
Noting that there has been a phenomenal increase in recent times in the price of virtual currencies (VCs) including Bitcoin, in India and globally, it said the VCs don't have any intrinsic value and are not backed by any kind of assets.
Click the below link for full details
Image Courtesy:https://economictimes.indiatimes.com
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In our region, this digital currency is also still considered illegal ...
This post has received a 1.56 % upvote from @drotto thanks to: @kishore1988.
It's a matter of time that the producers and consumers just started to use a better form of tender