The latest dip in the crypto markets was created, apparently, by misinterpreting the words of the Indian Finance Minister Arun Jaitley. Large portions of the media signaled that "India will ban cryptocurrencies".

In an interview with 3 major Indian exchanges, taken by Joseph Young on Cointelegraph a few hours ago, the issue is finally clarified.

In laymen terms, the Indian Finance Ministers said: "we won't allow the use of crypto for criminal activities". Which is pretty much the same with "we won't allow the use of fiat currencies for criminal activities".

If you want more details, just head over the interview in the link above.

I think we are witnessing the most intense growth pains the crypto market experienced since it came to life.

I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.

	I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards