India: Bitcoin Craze But Govt Posts Bitcoin As a Ponzi Scheme

in #india7 years ago

Summary Note:If this blog post gets downvoted @firepower has our backs👍!!!!

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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

If you need any help contact me

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Legal Note : This blog post is just an opinion. It does not recommend to invest in cryptocurrency

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Awesome. Do you think this will get banned in India?

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