Published
5 years ago on
July 06, 2018
"Leadership was involved in converting black money through the bitcoin scam. We demand an impartial Supreme Court-monitored judicial investigation in this maze of 'Mega Bitcoin Scam' so that the truth comes out."See more for yourself, here. This scam is expected to be worth somewhere in between $727 Million and $12.79 Billion. As it stands, we don’t have any substantial evidence from either party and therefore this could simply just be a smear campaign from INC, against BJP. It would make sense, with cryptocurrencies top of the headlines in the country, a smear campaign of this nature would be very serious.We do however have to consider how serious this is, if this is a smear campaign (which is unlikely) then INC are putting their necks well and truly on the line. The take home message from this is that this is only going to damage an already damaged reputation for Bitcoin in India. It is annoying that we have to keep battling with these sorts of stories that are only damaging the reputation of the industry worldwide.For now, we will monitor this story and see what comes of it. If these allegations are true, the BJP are in big trouble. If not, INC will have a lot to answer for. Investment Disclaimer
