Indias Government Agencies Still Have Concerns About Bitcoin
Indian officials revealed last week that the countrys tax agency and investigation task force have concerns about money laundering and black market activities associated with bitcoin. Indias Special Investigation Team (SIT) is in the midst of drafting a report detailing problematic issues regarding the decentralized cryptocurrency.
What do you think?
The only problem i see is that the government cannot control the money and link their aadhar card to it Indian officials revealed last week that the countrys tax agency and investigation task force have concerns about money laundering and black market activities associated with bitcoin. Indias Special Investigation Team (SIT) is in the midst of drafting a report detailing problematic issues regarding the decentralized cryptocurrency.
What do you think?
money laundering issue can occur even with fiat so that is not a problem that cannot have a final word ,all the exchanges running in India does have strict KYC policy and i dont see what problem they see in bitcoin and that is not the case happened in China as they wanted to regulate the exchanges and not bitcoin.