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Indian Police Warn Public Against Investing in Cryptocurrencies | Cell Phone Spy and Mobile Tracking Software
Indian police in the state of Jammu and Kashmir have issued a public statement, warning against investing in cryptocurrencies. The police of the Indian state of Jammu and Kashmir have issued a public statement, warning the public against investing in cryptocurrencies, local business news daily the Business Standard reported on Jan. 2.Police reportedly warned the public against the "heightened risk" of investments like Bitcoin (BTC) and reminded investors that cryptocurrencies are not sanctioned by the government. The Business Standard quoted the branch's inspector general as saying:"The general public is informed not to make any type of investment in cryptocurrencies, virtual currencies such as Bitcoin because there is a real and heightened risk associated with them."The inspector general further stated that the crypto market could experience a "sudden and prolonged crash, exposing investors; especially retail consumers who stand to lose their hard-earned money."India currently