The fact that really amazes me is how such a low rank (sorry, no offense) country is able to become one of the leading countrues of cryptocurrency using whereas such big countries like Russia, US are doing nothing, except issuing the regulations and taking taxes for crypto using.
Muahhahahahahhaha
The joke of the year!
The US and the European countries are doing nothing for Bitcoin, India is the one fueling crypto!!!!
And do you read the articles and the follow ups as well?
Victims tried to get a hold of Patil, but they were told the business shut down and they wouldn’t receive any returns at all.
The supreme court of India has granted bail to Amit Bharadwaj and his brother on Wednesday, 4th April. The brothers were accused of several crore Bitcoin scam. The bail was issued on the state that the accused will have to submit ten crores in the apex court registry.
https://thenextweb.com/hardfork/2019/06/04/india-bitconnect-cryptocurrency-scam/Darji is reportedly on the run, after being released on bail a month ago. You can read more about his part in the grande BitConnect scam here.
Oh yeah, so much is done to combat scams in india...
Isn't there were Quadriga's boss faked his death certificate?
Well this simply shows that the indian government have concerns about their citizens,US dont give a shit about blockchain/crypto scams never heard some hacker/scammers in cryptocurrency got caught on US or in any other more advance country compared to India.
When you don't have a clue about the stuff you want to discuss, do the world a favor and shut up!!
https://cointelegraph.com/news/unpacking-the-5-biggest-cryptocurrency-scamsPlexcorp was promising investors over 1300 percent return on investment per month before the US Securities and Exchange Commission (SEC) ordered the company to stop operations.Over $15 mln had been raised during the Plexcoin ICO. Luckily all of the funds were frozen by the SEC and founder Dominic Lacroix was jailed.
Having been endorsed by the likes of superstar boxer Floyd Mayweather and DJ Khaled, Centratech was thrust into the spotlight for its supposed Visa and MasterCard debit card service that would allow users to convert cryptocurrencies to fiat.
Two of the founders have since been arrested on fraud charges relating to the ICO, which raised around $32 mln, according to Ars Technica.
Bitconnect
Long accused of being a ponzi scheme, Bitconnect discontinued operations in January in the wake of a cease and desist order from two American financial regulators.
India...lol