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Union Budget 2018 : Jaitley says Cryptocurrency is not legal tender - Oneindia Newsiconpcug.org � News � Economy � Policy. Cryptocurrency is not legal tender in India but the govt will explore blockchain to usher in the digital economy, says Arun Jaitley while. The Indian Govt. has not legitimised Bitcoin or any other cryptocurrency, reaffirmed Finance Minister Arun Jaitley while responding to a query.