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India's Finance Minister Strikes Stern Tone on Cryptos in Budget Speech

During his annual budget speech, Indian finance minister Arun Jaitley confirmed his position that cryptocurrencies are not legal tender.

By Nikhilesh De

Updated Sep 13, 2021, 7:31 a.m. Published Feb 1, 2018, 4:15 p.m.

DAVOS/SWITZERLAND, 22JAN15 - Arun Jaitley, Minister of Finance, Corporate Affairs and Information and Broadcasting of India talks during the session 'An Insight, An Idea' in the congress centre at the Annual Meeting 2015 of the World Economic Forum in Davos, January 22, 2015.

WORLD ECONOMIC FORUM/swiss-image.ch/Photo Jolanda Flubacher — DAVOS/SWITZERLAND, 22JAN15 - Arun Jaitley, Minister of Finance, Corporate Affairs and Information and Broadcasting of India talks during the session 'An Insight, An Idea' in the congress centre at the Annual Meeting 2015 of the World Economic Forum in Davos, January 22, 2015. WORLD ECONOMIC FORUM/swiss-image.ch/Photo Jolanda Flubacher