Business Cryptocurrencies are ‘Ponzi schemes,’ Indian finance ministry warns investors – RT

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India’s finance ministry has cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, branding the ‘virtual currencies’ as akin to a Ponzi scheme. The warning comes a day after South Korea, a global hub for bitcoin trading, said it would ban anonymous cryptocurrency trading due to the …

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via RT International – http://ift.tt/2EcBk0y

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