In a recent post by “The Hindu” they completely write off Bitcoin and the Bitcoin-community as “thugs” and calls us all the “Bitcoin Gang”. Their post with the title “Bitcoin gang gets 67 new e-curriences; value grows to $13 bn” highlights the possibility for money laundering:
As regulatory glare intensifies on bitcoins due to possible money laundering, cyber security and other risks, over five dozen other virtual currencies have come under the scanner and include a desi version by name of ‘laxmicoin’
A user on Bitcointalk cries for help from the Bitcoin community saying:
I am starting to re-think why i would want to stay in such an ignorant country.
As Neil wrote today about “Bitcoin’s Uncertain Fate in India” where it’s clear that the Indian government does not have a clue what to do with Bitcoin, and obviously does not see the positive effects with it.
What do you think will happen with Bitcoin in India?