SIT to probe black money - Indian Govt. 27 May 2014
In February 2012, the director of the Central Bureau of Investigation said that Indians have $500 billion of illegal funds in foreign tax havens, more than any other country. Largest depositors in Swiss Banks are also reported to be Indians.
http://en.wikipedia.org/wiki/Indian_black_money
will bitcoin price go up?
and if you think that those people who got $500Billion of Black money in foreign countries are stupid enough to still keep it there I'm sorry sir I don't think so..! they should have got an alternative and if you are saying that bitcoin should be the preferred one, I'll advice not to do so, but it will do some good if that happens at least India will clear its stand on how it deals with bitcoin.
