India: Bitcoin Craze But Govt Posts Bitcoin As a Ponzi Scheme
Summary Note:If this blog post gets downvoted @firepower has our backs👍!!!!
Bitcoin has gone upstream in the year 2017 from just $1000 in 2017 January to $20000 in December 2017.This has alarmed the Indian Government and the RBI who are trying to regulate the cryptocurrency like any other country.
This was going on but now the Government has issued directives that Bitcoin is a Ponzi Scheme and the investors are responsible for their investments. There will be no action and regulation by the RBI to investigate against the Cryptocurrency.
This is affecting the start ups which are involved in the ICO,Bitcoin Exchanges etc.
So if you are an investor in cryptocurrency ,be sure to invest it correctly in altcoins
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@originalbot
Awesome. Do you think this will get banned in India?