 "bitcoins")
The Enforcement Directorate (ED) has registered a case against bitcoin-based investment website GainBitcoin, founder Amit Bhardwaj and eight other persons under the Prevention of Money Laundering Act.
The charge is cheating about 8,000 investors of about Rs 20 billion in Maharashtra, said an ED officer. The move follows the Reserve Bank of India (RBI)'s directive to lenders and payment firms to not deal with cryptocurrencies.
The ED action follows earlier action by the police in Pune. Early this week, the latter's cyber cell arrested Amit Bhardwaj and eight others on the charge of operating a Ponzi scheme in
The charge is cheating about 8,000 investors of about Rs 20 billion in Maharashtra, said an ED officer. The move follows the Reserve Bank of India (RBI)'s directive to lenders and payment firms to not deal with cryptocurrencies.
The ED action follows earlier action by the police in Pune. Early this week, the latter's cyber cell arrested Amit Bhardwaj and eight others on the charge of operating a Ponzi scheme in
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