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Today again Kirit Somaiya raised Bitcoin issue in Parliament in Zero hour. It is illegal and unregulated in India. Urged Govt. for early action.
Bitcoin is a non-transparent currency created without any appropriate authority, Regulator and without support of any country, Central Bank, RBI, Economic Affairs, USA officials. It seems it is being used / abused as parallel currency by underworld also. Bitcoin runs like a Ponzi.
Somaiya urge upon the govt. to take immediate steps, before the issue goes out of control.