BITCOIN and digital currencies could trigger utter lawlessness in India, economists have warned as the country battles corruption, terrorism and a shadow economy on a massive scale.
After Prime Minister Narendra Modi caused chaos by withdrawing the Rs 1,000 and Rs 500 notes from circulation in 2016, there remains a real fear that a pseudonymous, underground currency could replace the “black money” hole and further undermine the economic legitimacy of the state
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