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The Daily: Bitcoin Enters Indian Politics, Blockchain Obsession Grows

On the backdrop of recent developments concerning the status and the future of cryptocurrencies in India, Bitcoin has been dragged into a political scandal between the country’s two major parties. A Massive Bitcoin Scam of more than ?5000 Cr has surfaced in Gujarat https://t.co/KR74Xc7skM via @Siyasat Network — Shaktisinh Gohil (@shaktisinhgohil) July 6, 2018 During a press conference, the Congress representative claimed BJP leadership participated in a scam in the state of Gujarat involving the conversion of “black money” through hawala and bitcoin transactions. According to Gohil, the “massive multi-layer extortion and hawala scam” was carried out by some top BJP leaders to the tune of at least 5,000 crore rupees, almost $730 million, Crypto News reported. One of the main allegations is that BJP politicians have used bitcoin to convert illicit money and transfer them to businessmen in Gujarat during the demonetization, which was used as a cover. The latest idea is to use blockchain in the management of fertilizer subsidies. We thought that blockchain technology might add real value to a part of the food industry such as a slaughterhouse, whose work requires a lot of inspection and collation of results,” said FSA information management head Sian Thomas, quoted by the specialized outlet Foodprocessing Technology. Starting this September, employers will be able to verify the authenticity of any digital diplomas issued by the university on its official website, which provides a convenient and fast verification service. They can send BCH to phone numbers or BCH addresses communicating with the blockchain through an SMS gateway. Another positive development involving Bitcoin Cash this week was the announcement that Japanese exchange and wallet provider Bitpoint had started accepting BCH through its Bitpointpay service. The application has been upgraded to add support for BCH payments as part of efforts to expand payment options.