Budget 2018: Have skin in Bitcoin game? Don't worry, cryptos not 'illegal'

Legal or not, the taxman is already looking at cryptocurrencies and those who trade in them

If you have money riding on Bitcoins and are confused, or worse, despondent, after Finance Minister Arun Jaitley's remarks on cryptocurrencies in his Budget 2018 speech on Thursday, take a breath before exiting crypto trading. While some have interpreted Jaitley's remarks to mean that cryptocurrencies are henceforth illegal in India, that might not be the case going by the finance minister's exact phrasing. 

"The government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system," Jaitley said while delivering the