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The Ban on Cryptocurrencies

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February 3, 2018 | 

681 Views | 

Joanna Newman | 

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While Facebook has recently announced a ban on advertisings related to cryptocurrency, India is now next in line to put a ban on virtual currency.

The Indian government’s finance minister, Arun Jaitley, says that digital assets are not legal tender, nor are they part of the traditional finance system. Now, the only country to have designated Bitcoin as a legal tender is Japan.

This statement has now, unfortunately, been hijacked by journalists and has created a false atmosphere of fear, doubt and uncertainty, otherwise known as a FUD factor.

With this information, it is still rather surprising to see a common situation turn into a ban for all countries.


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