Want To Invest In Bitcoin? Read These 7 Warnings From RBI Before You Risk Losing Your Money


indiatimes.com reports:
Technology The virtual currency Bitcoin has touched an all-time high value of $14,000 -- flirting with the $15,000 mark even. With such a meteoric rise in its value, how can anyone not be interested in investing in bitcoin? Well, not so fast. Reserve Bank of India (RBI) has some warnings for all of you eyeing Bitcoin as a shortcut to becoming a millionaire. The financial industry regulator has cautioned users, holders and traders of Virtual Currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security-related risks that they are exposing themselves to.
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