Bitcoin-based pyramid schemes flourishing in regulatory vacuum3 min read . Updated: 14 Mar 2017, 09:53 AM IST
No monetary authority in the world backs crypto-currency and most are trying to find ways to regulate the market
Mumbai: Some small-time traders are taking advantage of the absence of rules governing crypto-currencies in India by creating multi-level marketing (MLM) or pyramid-like schemes with bitcoin as the base product.
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