ZT News

Srinagar: Police has  issued an advisory and warning to general public against the risks of investing in virtual currencies, crypto currencies such as Bitcoin.Police said these are not backed as legal tender by the government, central financial institutions.

“The general public is therefore informed, not to make any type of investment in crypto – currencies/ virtual currencies (vcs) because there is a real and heightened risk associated with them. This can result in a sudden and prolonged crash, exposing investors; especially retail consumers who stand to loose their hard –earned money,”Police said in a statement.