The Indian National Congress (INC) has actually charged the ruling party (BJP) of being involved in a “huge Bitcoin fraud.” According to Hindustan Times, they’ve alleged that the BJP has actually coordinated a Bitcoin scam worth over 5000 crores! Congress spokesperson, Shaktisinh Gohil, stated that Gujarat Police has unearthed this fraud as well as the state’s top BJP leadership was involved. He further stated that these leaders were transforming black money via hawala deals.
Formerly, 13 BJP MLA’s from the state of UP had actually claimed to have obtained risks via WhatsApp messages. They alleged that they were being obtained and asked to down payment 10 lakh right into a Bitcoin account.
Speaking to press reporters concerning the supposed rip-off, Gohil claimed,
” There were reports of the state police blackmailing some business owners in Surat for extortion and named a former BJP legislator as one of the kingpins.”
He also named the Head of state of the Bharatiya Janata Party, Amit Shah. He stated,
” As the BJP is scrambling for solution to clarify just how Ahmedabad District Cooperative Bank, whose director is BJP principal Amit Shah, obtained old currency worth ~ 745.58 crores in simply five days and also how ~ 3118.51 crores was deposited in 11 area co-operative financial institutions linked with BJP leaders in Gujarat itself, a brand-new ‘huge bitcoin scam’ worth more than Rs 5,000 crore has been deciphered in the state.”
Inning accordance with Gohil, the demonetization conducted by the present government was a tactic to cover their cash laundering. He alleges that both demonetization and also this Bitcoin scam was to transform their black cash right into white. He even more added,
” We demand an objective Supreme Court-monitored judicial investigation in this puzzle of ‘mega bitcoin scam’ to make sure that the truth comes out.”
The BJP, on the other hand, brushed aside these allegations regarding them laughable. Anil Baluni, the representative for BJP, claimed these accusations by the INC were absurd. Speaking about the allegation, he said it could not obtain more regrettable compared to this as Gujarat Cops had actually fractured the case. He better added that the authorities had taken action against numerous people involved in the instance.
The BJP spokesperson said,
” The dirty tricks department of the Congress is at work to spread complication and exists. It is criticizing the cops, which has uncovered the situation. I question if the Congress is aiming to aid somebody in this situation as part of a conspiracy theory.”
India as well as cryptocurrency share a rocky relationship. The Reserve Bank of India (RBI) has actually issued a restriction on cryptocurrency trading. And adhering to that they released an order routing banks to stop supplying services to crypto exchanges as well as traders. The Indian crypto neighborhood appealed to the Supreme Court to grant a stay versus the RBI’s restriction on cryptocurrency. But this was to no avail, as the High court chose not to remain the RBI’s restriction. Now it seems crypto exchanges and also traders are back to fresh start, with no bank prepared to offer solutions!
A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Penguincoinforum.