** Show the noise of #Bitcoin on all sides in the past. The biggest #revenue #earners in the year 2017 include #people, including Bitcoin. But the Government of #India has made it clear that this virtual #currency has no official recognition. A warning has been issued to the Finance Ministry on behalf of Bitcoin and to be cautious of the people. He says that this is a fake chit-fund and it does not run a government agency. There is no valid way to run it. People can be fraudulent. The Finance Ministry said that there is a risk to investment in Ponzi schemes on investment in such currency. This can cause huge losses to investors, especially retail customers, and their hard earned earnings can be shocked.

1. The finance ministry said that virtual currency is collected in #digital form only.
It is afraid of hacking, lost passwords and virus attack etc.

1. Customers need to be alert and very careful, so that they can avoid getting trapped in such a ponzi scheme.
2. The ministry said that the cost of bitcoin and other cryosurgery is purely on the basis of speculation and hence its
   prices have so much fluctuations.
3. It is noteworthy that in recent days including bitcoin, the value of #virtual currency (cryptocurrency) has increased
   rapidly.
4. Cryptocurrency is a digital currency. In fact, there is no existence of cryptocurrency, it is simply suitable for digital
   transactions.
5. The ministry says that there is no real value of such kind of currency and there is no property base behind it.
6. In its statement, the ministry said that the cryptocurrency holders, its users and businessmen have already been
   warned against the #risks of the Reserve Bank of India three times.
7. Central Bank also periodically also informs that he has not given any license or certification to run such currency
   deals or related schemes.
8. Minister of State for Finance P. Radhakrishnan also said in the Lok Sabha on Friday that the Department of Economic
   #Affairs had constituted an inter-departmental committee, which has created a framework for regulating the current
   regulation and legal structure of bitcoin or #cryptocurrency around the world. Recommended to go ..
9. The minister informed the Lok Sabha that the committee has given its report and now the #government is
   considering it. (From input agency)