Bitcoin, Cryptocurrencies are Like Ponzi Schemes: India's Government

Cryptocurrency is similar to the Ponzi scheme (Ponzi is an investment scheme that provides revenue to existing project partners through investment from new investors.), Says the Indian government.

In a public warning on Friday, the Indian Ministry of Finance warned citizens against investing in virtual currencies such as bitcoyne, likening them to ponzi schemes. 

The Ministry of Finance of India published today a statement warning people "against the risks investing in virtual currencies, including Bitcoin," claiming that they do not have intrinsic value and are not protected by any assets. 'Speculation' reduces the prices for bitcoin and other virtual currencies, the Finance Ministry believes. 
More information can be found at the link below
https://www.ccn.com/bitcoin-like-ponzi-scheme-says-in ..

Recent articles

iQOO Z1x 5G

Vivo sub-brand iQOO has launched the company’s latest 5G smartphone- iQOO Z1x 5G in China on July 9, 2020.

Honor 9A

Honor has just launched the Honor 9A smartphone for the global markets and the price starts from €149.90 (US$ 169.6 / Rs. 12,810). Read on to know more.

Honor 10X Max

Honor has just confirmed the launch date of the company's next new 5G smartphone- Honor X10 Max on Weibo.

Realme C11

Realme is all set to launch its new Realme C11 smartphone with MediaTek Helio G35 SoC in Malaysia.

Realme Nazro 10

Realme has launched its new Nazro series smartphone- Realme Nazro 10A alongside the Realme Narzo 10 in India. The Next sale of Realme Nazro 10A will be held on June 23 via Flipkart and the Realme India website.

Vivo V19

Vivo has just launched the company's latest smartphone Vivo V19 in India as expected.

Realme Nazro 10

Realme has launched the company’s latest Nazro series smartphones- Realme Nazro 10 and Nazro 10A in India.

LG Stylo 6

Here is the first look of LG's new entry-level/midrange smartphone - LG Stylo 6 which was shared by reliable leakster Evan Blass.

Xiaomi Mi 10

Xiaomi India has just unveiled it's latest flagship killer- Xiaomi Mi 10 5G smartphone in India.

LG Velvet

After several teasers and rumors, LG has finally unveiled the company's latest 5G smartphone- LG Velvet on May 7 in South Korea. The company has also revealed the pricing and availability details of the phone.