Crypto Currency: Fake Notes or a Ponzi Scam
The skepticism is being subdued to euphoria over the past few weeks and the hitherto conceptual cryptocurrency (popularly bitcoin) is now at your door step. Cryptocurrency exchanges are started publishing full page advertisements in leading national dailies. The recent judgement of Supreme Court, opened the opportunities for the Crypto Business. The Order stated that in the absence of any legislative ban on the buying or selling of cryptocurrencies, the RBI cannot impose disproportionate restrictions on trading in these currencies. This opened up opportunities for crypto business. The Crypto currency business is still remains as a business with “Cryptic Business Plan”(The plan nobody knows other than the promoter). The marketing done by various “Crypto Currency Exchange Houses” is such that they become successful to create a kind of FOMO (Fear of Missing Out) feeling among the ordinary people. The stories of overnight price movements, are being marketed as an opportunity and...