日前，印度财政部长Arjun Ram Meghwal在一份上交给印度议会上院Raja Sabha的书面提案中表示，比特币的流通将导致洗钱、金融诈骗等一系列违法行为，不利于维护金融市场的稳定，印度储备银行（RBI）也将不会对任何形式的比特币进行合法化授权。
Arjun Ram Meghwal认为，在当前匿名的网络环境下，比特币等虚拟货币的出现为洗钱等违法行为的滋生提供了肥沃的土壤，也极有可能成为国际恐怖主义开展非法活动的资金来源。
缺乏完善的监管体系是比特币始终在印度得不到"合法身份"的主要原因。Arjun Ram Meghwal表示，目前印度政府还没有出台有关的监管法律来明确比特币市场的监管主体，以及针对业内公司注册、上市等流程的监管框架。
An Indian minister, while replying to a question in writing in the upper house of the Indian Parliament - The Rajya Sabha - has said that the use of Bitcoin in India is not authorized by the Reserve Bank of India (RBI) and could potentially land users on the wrong side of the anti-money laundering provisions present in the Indian law.
Minister declares Bitcoin to be illegal
The Minister of State for Finance, Arjun Ram Meghwal, has filed a written reply to a question in the Parliament according to India’s The Hindu newspaper:
“The absence of counter parties in usage of virtual currencies, including Bitcoins, for illicit and illegal activities in anonymous/pseudonymous systems could subject the users to unintentional breaches of anti-money laundering and combating the financing of terrorism laws.”
Absence of sanction from monetary authorities
One of the reasons that the Indian government is terming Bitcoin illegal is that it has no approved sanction from any central bank or monetary authority.
The minister, in his reply to the Parliament, further said, as reported by The Hindu: “No regulatory approval, registration or authorisation is stated to have been obtained by the entities concerned for carrying on such activities.”
Is the government rattled by its botched up demonetization?
It should be kept in mind that the Indian government carried out a botched up demonetization that wiped out 86 percent of the Indian currency in circulation in November 2016. The aftermath of the demonetization was disastrous and people were left standing outside of cash machines for weeks.
In the wake of this demonetization process, the interest in Bitcoin in India rose considerably. According to India Today, the user base of Bitcoin in India has expanded 250 percent since November 2016.
The Indian media has been casting aspersions on the use of Bitcoin for laundering so-called black money and there are people in India who believe that cryptocurrencies pose some sort of threat to the country.