India’s ruling government, the Bharatiya Janata Party (BJP), was accused by former rulers Congress after a bitcoin scam amounting to ₹50 billion ($763 million) surfaced in the state of Gujarat.
Estimated to Cross $12 Billion
As reported by local news NDTV on July 6, a few Congress leaders from Gujarat demanded a Supreme Court intervention in the matter after reports emerged of BJP leaders involved in illicit cryptocurrency activities.
A spokesperson for the Congress party, Shaktisinh Gohil, called it a “multi-layered” scam and estimated the total haul could cross over Rs. 88,000 crore ($12 billion). However, the latter figure would imply ten percent of bitcoin’s total market cap.
Congratulations @dgupta64! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!