Aside from the warning about Bitcoin and cryptocurrency being a Ponzi scheme, there are ongoing discussions in India on how cryptocurrencies can be regulated, with India's Supreme Court
urging various government agencies to look into online demands and petitions that call for proper Bitcoin regulation.
Responding to remarks by
various stakeholders during a Town Hall meeting in
Government House, Makurdi, on Monday, the President also
urged them to show restraint and allow the security
agencies to handle the untenable situation.