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?
What I think is that this process is somehow considered as an SOP for any country who are considering to implement btc. Thorough investigations and analysis should be done in order for them to understand the risks. And with that they can come up with strategiesbor maybe even a law to lessen, if not prevent, illegal activities and to regulate the use of btc in their respective country. This is normal and there's nothing to ponder on.
Of course, those are the mission of the government, if they do not have any move when the famous of Bitcoin grow more and the crypto market changes to many type, they will have many troubles after long time and cannot fix those troubles.