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Cryptocurrency can become indirect legal tender if it's permitted as an asset: Former member of PMEAC
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cnbctv18.comThe government's brief description of the cryptocurrencies bill in the parliamentary bulletin for the winter session has worried the nascent crypto trading community because it speaks about prohibiting all private cryptocurrencies but allowing for some exceptions.In an interview with CNBC-TV18, Anantha Nageswaran, a former member of PMEAC said, if cryptocurrency is permitted as an asset it can be exchanged into an indirect legal tender."If you consider cryptocurrency as an asset, then you can exchange it for cash and to that extent, it becomes an indirect legal tender.
So if it is permitted as an asset it can be exchanged into a legal tender," Nageswaran said.Earlier, union finance secretary TV Somanathan told CNBC-TV18 that cryptocurrency
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