Dear friends good evening, since February 1 all over the world is seeing India very keenly as what will the next step of Indian Government on Bitcoin.
Friends the main stream media of the country cited the quotes of Finance Minister Arun Jaitley in his budget speech had said that cryptocurrencies are not legal tender and will take measures on their use as part of payment systems. "The government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate the use of these crypto assets in financing illegitimate activities or as part of the payment system,".
But the main stream media misinterpreted the whole news and comments and looks the either side of the story for their TRP benefits and the rest of the world mainly the small investors, speculators and traders start cutting their Bitcoin and other cryptocurrencies or gone on short.
Today I got a video of CNBC where some clarification about cryptocurrencies came from government's officials. Subhash Chandra Garg, secretary, department of economic affairs, at a CNBC TV 18 interview clearly indicates that at the end of this fiscal year government will come with regulation and complete law framework on Bitcoin and Cryptocurrencies.
See the video👇
Friends in my opinion it's a golden opportunity to buy some best Altcoins at best and bargained prices.
Stay tuned stay invested.
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So much rumors and fud across the board I am betting a very glittery future of Bitcoin in India and it will be 40000$ by December 2018.
What's your call brother?
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Definitely it will cross this benchmark I am 💯% agree with you.
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