Budget 2018: The government said it will explore blockchain technology, but said crypto-currency continues to remain illegal. (Source: Reuters) Budget 2018: The government said it will explore blockchain technology, but said crypto-currency continues to remain illegal. However, Jaitley also added that the government would try and explore the blockchain technology, which drives bitcoin and other crypto-currencies. The recognition of blockchain technology for future use in the digital economy has received positive reactions from the industry. Blockchain technology is what powers bitcoins.

Source: Indian Express February 01, 2018 11:26 UTC