Bitcoin and Black money in India

In New Delhithe Congress has alleged a multi-crore scam of converting black money through 'Bitcoin' transactions in Gujarat and demanded a Supreme Court-monitored judicial probe into it.

Shaktisinh Gohil the party spokesperson alleged that a Bitcoin scam of over Rs 5,000 crore has surfaced in Gujarat, with some saying that it is to the tune of Rs 88,000 crore, and charged that the state's top BJP leadership was involved in converting black money through hawala transactions in Delhi.

There were reports of the state police "blackmailing" some businessmen in Surat for "extortion" and named a former BJP MLA as one of the 'kingpins'. "We demand an impartial Supreme Court-monitored judicial investigation in this maze of 'Mega Bitcoin Scam' so that the truth comes out," told to reporters after this incident.

Party spokesperson, who hails from Gujarat, said the "mega bitcoin scam" has been unravelled by the state police but none of the kingpins has been arrested. He said there is suspicion of involvement of some top BJP leaders in this "massive cryptocurrency" scam and that they are "absconding".