Bitcoin transaction: Government back with warnings
The Finance Ministry evaluates cryptographic transactions including Bitcoin as a fraudulent investment project.
The finance ministry once again warns against investing in cryptochromes including Bitcoin. On Thursday, Bitcoin had a decline of over eight percent in the deal with the South Korean government.
What is BitCoin
The government has warned us again. Bitcoin is currently worth around $ 14,000. The Ministry of Commerce compares the investments with its investors with promising higher yields.
Recently, the finance ministry has made a significant contribution to investors in India and global bargaining dealings, including Bitcoin. The value of Bitcoin is not the end of any assets. Exaggerating and enhancing the value of such virtual currencies is anticipated. Therefore, the government also warns investors to stay away from such high-risk projects.
Virtual currency stores are stored in a digital format. It’s possible that you lose money due to hacking, password loss, and malware attacks. The government warns that such currencies are widely used for illegal activities such as smuggling, terrorist activities, drug trafficking and so on.
Latest posts by Certicom Consulting (see all)
- Sukanya Samriddhi Account-Govt’s Special Scheme for Girl child - July 19, 2018
- RBI hikes Interest rates on your Personal Finances - July 19, 2018
- Understanding Form 16 and other TAX related forms - July 18, 2018