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Board Bitcoin Discussion
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Government aid being scammed. If the same had happened through bitcoin?
by
AjithBtc
on 09/09/2020, 04:57:52 UTC
In my country our prime minister announced PM Kisan Scheme to directly benefit the farmers and the people who are associated with agriculture. This has been distributed in three installments directly to the beneficiary's bank account. Government employees are responsible for it, but to ease it on covid lockdown relaxations were given on applications and approval. This is being used by the brokers and has scammed 110 crore rupees. Now investigation has been started and 32 crore rupees have been retrieved directly from the banks.

My question, if this has been done through bitcoin or any other cryptocurrency what'll be the remedy. Here atleast some amount is being recovered. This way does governments encourage the usage of cryptocurrencies in the future on official needs.

Source : The Indian Express