Sentences with phrase «rupee is a legal tender»
The decision to propose traceable activity within India's domestic exchanges follows a statement from the country's Finance Minister from earlier this month, in which he said that cryptocurrencies aren't legal tender there (to be clear, no currency except the Indian Rupee is a legal tender in the country), and that there will be a crackdown on the use of virtual currencies in financing illegitimate activities.
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Without any significant warning, the Indian government declared that 500 rupee and 1,000 rupee notes would no longer be accepted as legal tender.