The inter-ministerial committee set up by former Indian finance minister Arun Jaitley recommends a ban on bitcoin. According to a report published today, the Subhash Garg committee believes that cryptocurrencies cannot serve the purpose of currency. Calling them “private cryptocurrencies” over their non-sovereign nature, the committee wrote that they are inconsistent with the essential functions...The post Its Official: Indian Government Wants to Ban Bitcoin appeared first on NewsBTC.
