BJP Converted Rs. 5,000 Crore Black Money into Bitcoin, Alleges Congress
Jul. 7, 2018Every five years, as India approaches the parliamentary elections, leading political parties engage in blame games to mobilize voters. Corruption is a big problem in India and scams thus make up huge portion of political campaign speeches.
Congress’ spokesperson Shaktisinh Gohil has alleged that BJP party members in Gujarat haveconverted black money into bitcoin by means ofhawalatransactions. While the general speculation is that black money hoarders in Gujarat have traded nearly Rs. 5,000 crore in bitcoin, some claims go as high as Rs. 88,000 crore ($12.8 billion).Congress spokesperson Shaktisinh Gohil; Courtesy: Hindustan Times
To counter the claims by Congress, BJP called these allegations “laughable” and “dirty tricks“. BJP spokesperson Anil Baluni said that by blaming the state’s police, Congress is conspiring to help someone illegally.
Meanwhile, the legal status of digital currencies in the country is still under cloud with the Reserve Bank of India ordering banks to not facilitate any transaction related to cryptocurrencies. While the Supreme Court is set to listen topleas by a group of crypto-enthusiasts on July 21, it has sided with the RBI on the current ban which came into force today.
