Cryptocurrency is ‘Ponzi’, Should be Banned: Indian Govt. Watchdog

2019-4-26 17:17

By CCN. com: An official from an investor watchdog group in India likened cryptocurrencies to a Ponzi scheme, and voiced his support for them to be banned to protect investors. Anurag Agarwal, chief executive officer of the Investor Education and Protection Fund Authority, made the comments Friday, according to local reports.

He is also the Joint Secretary of Ministry of Corporate Affairs for the Government of India. His support comes as the country’s lawmakers are drafting a bill that would put the death nail in the coffin of cryptos like Bitcoin from being allowed there. Ongoing concerns Despite cryptocurrencies gaining in

The post Cryptocurrency is ‘Ponzi’, Should be Banned: Indian Govt. Watchdog appeared first on CCN

.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

PonziCoin (PONZI) íà Currencies.ru

$ 0.0009014 (-0.22%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 15.77 %, 7d: 9.65 %
Cåãîäíÿ L: $0.0009014 - H: $0.0009014
Êàïèòàëèçàöèÿ $776 Rank 2331
Öåíà â ÷àñ íîâîñòè $ 0.0021725 (-58.51%)

ponzi watchdog banned cryptocurrencies india cryptocurrency support

Èñòî÷íèê: ccn.com

ponzi watchdog → Ðåçóëüòàòîâ: 2


Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

FIU steps up AML and CFT compliance for crypto exchanges in India

Indian authorities are actively working to bring all cryptocurrency exchanges operating in India under stringent Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines to enhance compliance and oversight in the burgeoning digital asset market. The Indian government’s Financial…

CoinDCX unveils streamlined web3 development in India

CoinDCX, a premier Indian crypto exchange, has unveiled the Okto Orchestration Layer and the Okto Chain, designed to simplify the integration of blockchain technology and enhance web3 usability across diverse ecosystems.

India’s First Metaverse Experience Center Launched in Noida

India’s first Metaverse Experience Center (MEC) was launched in Noida near New Delhi. Led by Metaverse911, the center is expected to serve as the hub of immersive technologies, spearheading innovation, collaborations, and solutions in the extended reality (XR) domain.

Binance to resume India operations following registration

Binance is set to resume its cryptocurrency operations in India, according to the latest regulatory news around the world’s largest crypto exchange by trade volume. On Friday, an official of the Financial Intelligence Unit (FIU) said that the anti-money laundering watchdog had approved both Binance and KuCoin to offer services in the country. The two […]