The Undersigned has been highlighting that “Bit Coins” and all “Private Crypto Currencies” are “Digital Black Money” and have no place in India.
Unfortunately the Finance Ministry since the days of late Mr Arun Jaitely to the current day of Mrs Nirmala Sitharaman has been supportive of this system which has proliferated political, bureaucratic, judicial and business corruption.
Even Mr Narendra Modi and Amit Shah have not been able to bring a ban on Bit Coins or have been allowed to do so. The Supreme Court itself has been in support of this corrupt system through its past judgement on Crypto Exchanges.
RBI was at one time opposing the Bitcoins but later was made to accept the system.
All these institutions have been defrauding the public by supporting the Private Crypto Currencies either by silence or otherwise.
Now we can see every day advertisements during the India-England cricket matches from CoinDCX which is endorsed by Gautam Gambhir who has also posted this on his Instagram as a personal message, in which Bitcoin is being promoted.
The Home Ministry should be aware that Cyber Crimes and Money laundering cannot be curtailed as long as such Crypto Systems exist as “Digital Havala”.
The Ministry of Broadcasting should disallow this CoinDCX advertisements to prevent proliferation of this illegal activity.
I have tried to wake up the Government of India for the last decade or more but it appears that “Corruption” has won the war and there is no honest and patriotic person left in the Indian Government to take this seriously.
Now It has come to my notice that even before the DPDPA is in place, and DPB is being constituted, Cyber Criminals who want to violate DPDPA are already planning how to use Crypto Currencies to launder their earnings and also bribe Government officials.
Are Mr Modi and Amit Shah interested, to know on how the Crypto Criminals are trying to use the system to influence Elections?
If so, I request them to get in touch through reliable channels like Mr Tejasvi Surya, the MP from our constituency.
Naavi
