If you are interested in bitcoins or thinking of making some quick money via cryptocurrency, then you must read this. In his fifth Union Budget, Finance Minister Arun Jaitley (LIVE UPDATES) made it clear that the Narendra Modi government is not in favour of the new-age currency craze. Here are 5-point guide to what exactly happened in the Union Budget 2018 regarding bitcoins:1: Union Finance Minister Arun Jaitely said that bitcoins have no place in in formal economy of ‘demonetised’ India. 5: The Finance Minister had said that the cryptocurrency is just like Ponzi schemes and that the investors must be cautious about their funds. Consumers need to be alert and extremely cautious as to avoid getting trapped in such Ponzi schemes,’ Jaitley had said in the statement.

Source: dna February 01, 2018 07:18 UTC