India warns Bitcoin, as investors rush in

Michael Diaz

The central bank of China has shut down Bitcoin exchanges in the country. Indonesia and Bangladesh have also banned its use as a form of payment. The Indian government has made it clear that, Bitcoin will not be considered as a legal universally accepted form of currency in the country as are no standard guidelines set on Bitcoin trading. Even now, as the Indian central bank is  crumbling online Bitcoin trading platforms are running freely and are furthering the ongoing chaos.