#Fact 1: Government will eliminate Crypto currency –
to curb illicit activities. It doesn’t mean they will stop
crypto currencies from trading. If you are trading bitcoin/crypto on
exchanges and paying your taxes, you are not doing anything illicit.
#Fact
2: Government does not recognize Crypto as legal tender. Which means
you cannot make or accept payments for goods and services in Bitcoins or
any cryptocurrency. So you are still free to buy and sell
cryptocurrency on exchanges.
#Fact
3: Government did not say there will be a ban on cryptocurrency. Indian
government can however ban ICOs in India. We have to wait and watch.
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