Bitcoin, Ethereum will ‘never’ become legal tender In India: Finance Secretary
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While the RBI-issued digital currency announcement is not new, a government official has for the first time mentioned that cryptocurrencies such as Bitcoin, Ethereum and others will ‘never’ be legal tenders in India. The comment comes shortly after the finance minister announced 30% taxation of the digital asset that is cryptocurrencies. Finance Secretary TV Somanathan added that while RBI-issued digital currency will not be a default option,.