Illegal tenderAt present, digital currencies are not considered legal tender in the country by the central bank. He voiced fear that trade in digital currencies break some of those rules. “People tend to give in to the hype and organising awareness sessions will teach them the risks and dangers of the digital currencies,” he said. “If such an incident affects cryptocurrency trade, it will be enough to divert people away from it once and for all,” he said. “Entering into taxable cryptocurrency transactions without paying taxes is tax evasion.

Source: The Express Tribune February 28, 2021 06:17 UTC