This includes all virtual currencies except those issued by the State. This was a reiteration of the government’s earlier stance that cryptocurrencies are not considered legal tenders in the country. A cryptocurrency is a virtual currency whose single unit is a complex digital code that cannot be duplicated. Iran has amended its cryptocurrency legislation to enable the country’s central bank to use virtual currencies to pay for imports. China will also issue 40 million yuan as part of the latest trials in digital currency this week, according to a report in Reuters.

Source: Hindustan Times February 10, 2021 06:18 UTC