In India, Arun Jaitley had once said that cryptocurrency is not legalised as of now China will crack down on online pyramid schemes, including speculation masked as cryptocurrencies and online games, the public security ministry said on Friday. The ministry will act jointly with the industrial and commercial department to stamp out pyramid-type schemes, besides punishing those who swindle students and vulnerable groups, the ministry said in a statement on its website. Chinese regulators have moved to rein in financial risks associated with virtual currency trades and pyramid schemes. A…
Read MoreChina Targets Cryptocurrencies In Online Pyramid Scheme Crackdown
