India’s Government Agencies Still Have ‘Concerns’ About Bitcoin

[Bitwah]

Indian officials revealed last week that the country’s tax agency and investigation taskforce have concerns about money laundering and black market activities associated with bitcoin. India’s Special Investigation Team (SIT) is in the midst of drafting a report detailing problematic issues regarding the decentralized cryptocurrency.

https://news.bitcoin.com/indias-government-agencies-still-have-concerns-about-bitcoin/

[onrise]

This is the major concern with the government and I think due to such reasons their interest from bitcoin will fade away and may put a restriction on such coins unless they find out a way which will help them to keep a control of things and help them to avoid cases which could be like money laundering etc