Last week, India’s Finance Minster, Arun Jaitley, made the following statement:

The government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system in India

As Forbes reports, this was reported by many as the banning of cryptocurrency in India but that seems to have been an overstatement.  The issue remains gray and India has set up a panel to examine trading of crypto assets in unregulated exchanges.


David Zaslowsky has a degree in computer science and, before going to Yale Law School, was a computer programmer. He is currently the Chairman of the Litigation Department of the firm’s New York office. His practice focuses on international litigation and arbitration. He has been involved in cases in trial and appellate courts across the United States and before arbitral institutions around the world. Many of David’s cases, including some patent cases, have related to technology. Since 2008, David has been included in Chambers for his expertise in international arbitration.