Hi friends, here a BIG NEWS came into highlight in India about BTC scam by the ruling BJP party. Opposition party Indian National Congress (INC) claimed that Gujarat BJP leaders converting their black money into Bitcoin in large scale. Report of Coindesk said that in India the higher authority of justice that is the Supreme court of India . INC demanded the supreme court of India to investigate this matter seriously. However previously the supreme court ordered the crypto exchanges of the country to stop the transactions of crypto that is converting any crypto into money and closed all the bank accounts of the exchanges. Report said that Gujrat congress spokesman Shaktinish Gohil claimed that almost $727 million scam is occurred in the state.
Unfortunaltely these are the political leaders who previously demanded for the banning of Bitcoin alleging that it is being used by the underworld gamblers to transact in different purposes. Now very funny that they are engaging in conversion of black money into Bitcoin.
Bitcoin and other crypto holders are opposing the decision of Reserve Bank of India and they are holding their cryptos for a long period.
We can guess that this situation may led the ruling governmental party in danger in upcoming general election of the country as large number of people in India are holding different cryptos and they are showing dissatisfaction along with the decision of the Reserve bank of India.