Indian law enforcement agencies have said cyber crime involving Bitcoin is becoming “more frequent.”
In an article published by local news resource Mail Today, a spokesman identified as a “senior crime branch officer” said that the rise was linked to a larger number of legitimate businesses accepting the digital currency.
“Cases of fraud related to Bitcoins are becoming more frequent," he said.
“This is partly because many global companies have started accepting digital currency. This has attracted many new investors. However, cashing on its rising popularity, some scamsters are also running fraud set-ups.”
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