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.
Corruption is the government is all around the globe, in my country (México) we used to make a joke... "You know why Mexico isn't the most corrupt country? because they pay to be in second place". And is normal for us to make a recapitulation when the elections come, to see how many steals the past governments. There are some crazy amounts.
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, as the transactions were made through a centralised banking services. This way does governments encourage the usage of cryptocurrencies in the future on official needs.
Source :
The Indian Express If this happens with bitcoin, there is always the option to make a fork and send the transaction back until they steal the money, that's how you can recover them on cryptos, something similar happens to ETH in the DAO incident and a fork was the solution.