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Cryptocurrencies are Ponzi schemes, should be banned, says government official

Updated : April 27, 2019 02:22 PM IST

Although both the government and the RBI have warned against the use of the virtual currency time and again, both of them are yet to come up with definite guidelines on the same.
The government had last year also formed a panel headed by finance secretary Subhash Chandra Garg to finalise a report on draft regulations on cryptocurrencies, but the report is yet to be finalised and made public.
Cryptocurrencies are Ponzi schemes, should be banned, says government official
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