The Indian National Congress (INC) has actually implicated the ruling party (BJP) of being involved in a “huge Bitcoin scam.” Inning Accordance With Hindustan Times, they have actually declared that the BJP has actually managed a Bitcoin rip-off worth over 5000 crores! Congress spokesperson, Shaktisinh Gohil, stated that Gujarat Police has discovered this fraud and the state’s top BJP management was entailed. He better specified that these leaders were transforming black cash through hawala deals.
Previously, 13 BJP MLA’s from the state of UP had actually claimed to have actually obtained dangers through WhatsApp messages. They affirmed that they were being extorted as well as asked to deposit 10 lakh into a Bitcoin account.
Talking with reporters regarding the claimed fraud, Gohil stated,
” There were reports of the state police blackmailing some businessmen in Surat for extortion and called a former BJP legislator as one of the kingpins.”
See Additionally: Deal of over 8 lakhs to extortionists account found in Indian Bitcoin extortion situation
He also called the Head of state of the Bharatiya Janata Celebration, Amit Shah. He stated,
” As the BJP is scrambling for solution to discuss how Ahmedabad District Cooperative Bank, whose director is BJP chief Amit Shah, obtained old currency worth ~ 745.58 crores in just five days and also how ~ 3118.51 crores was transferred in 11 district co-operative banks related to BJP leaders in Gujarat itself, a new ‘mega bitcoin rip-off’ worth more than Rs 5,000 crore has been untangled in the state.”
According to Gohil, the demonetization carried out by the current government was a ploy to cover up their cash laundering. He affirms that both demonetization as well as this Bitcoin scam was to convert their black cash into white. He even more added,
” We demand a neutral Supreme Court-monitored judicial investigation in this maze of ‘huge bitcoin fraud’ to make sure that the truth comes out.”
The BJP, on the other hand, dismissed these accusations deeming them laughable. Anil Baluni, the spokesperson for BJP, stated these allegations by the INC were laughable. Speaking about the accusation, he said it couldn’t obtain even more unfortunate than this as Gujarat Cops had cracked the case. He additionally added that the authorities had actually acted versus several people associated with the situation.
See Also: No respite for Indian cryptocurrency exchanges, SC refuses to stay RBI’s regulation
The BJP spokesperson claimed,
” The cheats department of the Congress is at job to spread confusion and lies. It is criticizing the cops, which has revealed the instance. I question if the Congress is attempting to aid someone in this case as part of a conspiracy theory.”
India as well as cryptocurrency share a rough partnership. The Reserve Bank of India (RBI) has released a restriction on cryptocurrency trading. And following that they issued an order routing banks to stop supplying services to crypto exchanges and traders. The Indian crypto area attracted the High court to grant a stay against the RBI’s ban on cryptocurrency. However this was to no avail, as the High court refused to remain the RBI’s restriction. Now it seems crypto exchanges and also investors are back to fresh start, without any bank ready to provide services!
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 Cryptobulletin.