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?
This post was last modified (EST) on 31/12/2013 15:13