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Bitcoin surges above $12,000: RBI has 6 warnings for you | Gadgets Now

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Bitcoin surges above $12,000: RBI has 6 warnings for you | Gadgets Now
The virtual currency Bitcoin has touched an all-time high level of $12,000. Interested in investing? Reserve Bank of India (RBI) has some warnings for you. 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. The statement is said to have been issued in the wake of a significant spurt in the valuation of virtual currencies and rapid growth in Initial Coin Offerings (ICOs). An ICO is an unregulated means by which funds are raised for a...
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