The opposition party has accused the ruling Bharatiya Janta Party of being involved in money laundering activities using Bitcoin.
After Bitcoin’s record rally, India’s Income Tax Authority is carrying out search operations across all cryptocurrency exchanges operating in the country.
Indian authorities are discussing the proposal to set up state-cryptocurrency ‘Lakshmi’ based on blockchain technology and backed by the Reserve Bank of India (RBI).
Coinsecure focuses on establishment of reliable bitcoin trading platform and promotion of the cryptocurrency to Indian users.
Fintech and Internet of Things are looking up in India while Bitcoin is still on the stage of careful consideration.