India's biggest crypto ponzi scam may grow to Rs 1 trillion, affecting 1 lakh peopleWith a total of 40 FIRs registered by victims (more than 13 FIRs in Maharashtra alone) and Punjab, a large number of people from other stat...
16 Jun, 2022, 08.47 PM IST
Cryptocurrencies worse than Ponzi schemes, says RBI Deputy GovernorSankar also said that since cryptocurrencies have specifically been developed to bypass the regulated financial system, it is reason enough...
15 Feb, 2022, 02.09 PM IST
Cryptocurrency Hyper Fund under government scannerSources said Hyper Fund, a DEFI by Hyper Tech Group has come under the radar recently. The Group claims to have launched the Hyper Fund to ...
19 Sep, 2021, 01.22 PM IST
Swaminomics: Are Bitcoins & NFTs opportunities or Ponzi schemes?You could call this a huge democratisation of wealth, enabling youngsters with no inherited wealth or networks to beat old wealth by creati...
06 Jun, 2021, 08.55 AM IST
Crypto currency is 'ponzi scheme', should be banned in India: Govt officialCrypto currencies are based on blockchain technology and there are concerns about its viability in the long-term and risk to investors, esp...
26 Apr, 2019, 05.55 PM IST
Delhi police bust crypto coin minting unit in DehradunThe two accused had cheated people of over Rs 100 crore by making them invest in Ponzi scheme involving Bitcoins via their website and then...
04 May, 2018, 10.24 AM IST
Cryptocurrencies are like ponzi schemes, says World Bank chiefThe development lender is “looking really carefully” at blockchain technology.
08 Feb, 2018, 10.45 AM IST
Modi government has bad news for Indians dreaming of easy money via bitcoinsThe income tax department has sent tax notices to tens of thousands of people dealing in cryptocurrency. The notices were sent after a surv...
20 Jan, 2018, 02.00 PM IST
Tax notices slapped on cryptocurrency investors as trading hits $3.5 billionThe tax department has asked people dealing in bitcoin and other virtual currencies such as ethereum and ripple to pay tax on capital gains.
19 Jan, 2018, 05.27 PM IST
Bitcoin not a legal tender in India, says Arun JaitleyThe government has recently cautioned investors to be wary of virtual currencies like bitcoin.
02 Jan, 2018, 04.33 PM IST
Here's why India has decided to crank up its crackdown against BitcoinsThe tax department is set to issue notices to 4 to 5 lakh high networth individuals across India who were trading on bitcoin exchanges.
19 Dec, 2017, 04.15 PM IST
Why buy a cryptocurrency when you can issue it?You too can go ahead and start a new cryptocurrency, if you have advanced coding skills, or if you can partner with an expert programmer.
18 Dec, 2017, 12.19 PM IST
Bitcoin triggers ponzi scheme fear: Government in a huddle, plans crackdownThe financial regulators are worried that a complete lack of regulatory regime for such cryptocurrencies may give rise to 'e-ponzi' schemes.
15 Dec, 2017, 12.19 PM IST
Bitcoin surge, ICOs raise regulatory hackles on e-ponzi fearsRBI and Sebi will soon get into a huddle to prepare a framework to protect gullible investors.
10 Dec, 2017, 02.38 PM IST
The next big short: Hedge funds prepare to trade against bitcoinThe bitcoin prices have gained millions of per cent since it started trading in 2010.
04 Dec, 2017, 08.13 PM IST
Authorities scramble to regulate BitcoinAs Bitcoin becomes more popular day by day, regulators are getting worried about potential money laundering risks associated with this digi...
02 Dec, 2013, 02.52 AM IST
'Bitcoin' becoming a bit too big; regulators scramble for normsRegulators fear that this new phenomenon can give rise to a new kind of illegal investment schemes that could be very difficult to track an...
01 Dec, 2013, 05.38 PM IST