Do not trust the mainstream media when it comes to news in the crypto universe, because most of them can’t even get their facts right.
Previously, we’ve seen how mainstream media outlets screwed up when they reported that South Korea was banning cryptocurrency. The FUD news spread like wildfire, when in fact South Korea has no such intention.
A lot of the news have either proven to be completely false, or was blown out of proportion. If you’re worried, I’ll try to clarify all the FUD here one by one.
1. India government bans Bitcoin and cryptocurrencies
Indian Finance Minister Arun Jaitley said this during yesterday’s Budget session in parliament:
“Distributed Ledger System on the Blockchain technology allows organisation of any change of records or transactions without the need of any intermediaries. The Government does not consider Cryptocurrencies as Legal Tender or Coin and will take all measures to eliminate …