In this video, we look at today's Union Budget announcement news where Finance Minister Arun Jaitley announced that India does not consider cryptocurrencies as legal tender and will take measures to eliminate the use of crypto assets in financing illegitimate activities or a part of the payment system. He also said that the government is exploring the use pf blockchain technology proactively. In other cryptocurrency news, we look at Samsung's new plans to make processors for cryptocurrency mining. We also look at why Kodak has delayed its highly anticipated ICO.
References:
FM Arun Jaitley's Budget Speech: (Courtesy: Rajya Sabha TV)
Samsung is making processors solely for cryptocurrency mining: http://www.techradar.com/news/samsung-is-making-processors-solely-for-cryptocurrency-mining
Kodak Has Delayed the Launch of its Cryptocurrency to Vet Potential Investors: http://fortune.com/2018/02/01/kodakcoin-ico-delayed/
Thumbnail image credit: Wikimedia Commons
