"The government does not consider crypto currencies as legal tender or coin and (will) take all measures to eliminate the use of crypto assets...," he said while presenting the Union Budget 2018-19 in the Lok Sabha.
Last year, Mr Jaitley had informed Parliament that there are no regulations governing virtual currencies in India and the RBI has not given any licence to any entity/company to operate such currencies.
The committee has submitted its report and it is being examined.
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