Indian law enforcement agencies have said cybercrime involving Bitcoin is becoming “more frequent.” In a news published by local news resource Mail Today, a spokesman identified as a “senior crime branch officer” said that the rise was linked to a larger number of legitimate businesses accepting the digital currency.Cases of fraud related to Bitcoins are becoming more frequent in recent days.
“This is partly because many global companies have started accepting digital currency. This has attracted many new investors. However, cashing on its rising popularity, some scamsters are also running fraud set-ups on their own.
Mail Today backed up the claims with news that a Delhi businessman last week lost 850,000 rupees ($12,750) to online scammers purporting to be running a Bitcoin mining operation.
According to the publication of the local news resources, the fraudster “promised him 10 Bitcoins with an assurance that the investment will rise twofold within next six months.”
The victim did not report the event to the police due to the unofficial status of digital currency as regarded in Indian law.
A glance at statistics from the Bitcoin ecosystem meanwhile suggests the legitimate use of Bitcoin continues booming in an economy still feeling the effects of at times poorly handled currency reforms.
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://cointelegraph.com/news/bitcoin-fraud-becomes-more-frequent-in-india-law-enforcement-agencies
Hello! Thanks for the vote I just seen your comment !yes I found it from the link and I thought that this news should be share with everyone about the frauds and scams prevailing in India and people have to be know this so that they are readily enough to tackle these situations will might be happen with them in future......
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