Thursday 5 July 2018
A lot of cryptocurrency news has been coming out of India lately, and not for good. The country’s largest political party, the Indian National Congress (INC), accused the ruling Bharatiya Janta Party (BJP) of orchestrating a Bitcoin scam worth anything between $726 million and $12.78 billion today, Hindustan Times reports. The said accusations are laid against BJP’s division in the state of Gujarat. INC spokesperson Shaktisinh Gohil alleged that the state leadership of BJP was involved in converting illicit money to the cryptocurrency by so-called ‘hawala’ transactions — a method of transferring money without any funds actually moving. Gohil said that a…
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