Bitcoins Being Used to Bribe Voters? - The New Indian Express

Bitcoins Being Used to Bribe Voters?

Published: 18th April 2014 07:57 AM

Last Updated: 18th April 2014 01:55 PM

It is not just campaigning that has gone hi-tech and digital; even the idea of cash-for-vote has gone electronic in Tamil Nadu, fears an AIADMK member.

K Ramasubramanian, who contested the 2009 Lok Sabha elections from Coimbatore, has written a letter to CEC V S Sampath and Tamil Nadu CEO Praveen Kumar accusing two upwardly mobile candidates contesting the present elections from two different constituencies under two different parties of ‘collecting the mobile numbers and email addresses of several young voters promising them to transfer sizeable amount of “bitcoins” to their accounts if they promise to vote in favour of these two candidates in the two respective Lok Sabha constituencies.

           >> FAQ: Things to Know About Bitcoin  

For those not familiar with the term bitcoin, it is digital money or virtual currency. Though it is not backed by any government, bitcoin allows users to circumvent legal payment system as it uses encrypting technology for issuing, managing and operating the transactions with no central authority or banks.

Ramasubramanian alleged that the two candidates have strong links with big mobile phone and internet technology companies that were involved in the 2G spectrum scam.

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