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Saturday, December 30, 2017

India's Ministry of Finance Compares Bitcoin and Cryptocurrencies to 'Ponzi Schemes'

India's Ministry of Finance has claimed that Bitcoin and the other digital currencies are “like Ponzi schemes” and investors should take extra caution when investing in them, in a statement issued this Friday. The ministry added that the cryptocurrencies lack “intrinsic value,” as well as the backing by any ...

from Google Alert - Bitcoin http://ift.tt/2Ek3irp

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