The post Bitcoin, Cryptocurrencies are Like Ponzi Schemes, Says India’s Government appeared first on CCN
In a public warning on Friday, India’s finance ministry cautioned citizens against investing in virtual currencies like bitcoin, likening them to ponzi schemes. India’s Ministry of Finance issued a statement today cautioning people ‘against risks investing in virtual currencies including Bitcoin’, claiming they lack intrinsic value and aren’t backed by any assets. ‘Mere speculation’ is
The post Bitcoin, Cryptocurrencies are Like Ponzi Schemes, Says India’s Government appeared first on CCN
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