HIGHLIGHTS
* The Bitcoin craze had starded in the state as people looked for safe ways to launder their piles of black after November 2016.
* Bitconnect, a similar sounding but unrelated cryptocurrance plattform, offered to pay 1% daily interest to Bitcoin owners.
AHMEDABAD: It was too good a deal — earn 1% daily interest and double your money in 100 days. Too good to be true, hordes of rich investors in Gujarat realised a year later when the BitConnect platform folded up after pocketing roughly Rs 22,000 crore of their money in Bitcoin. For many, it was a double whammy after the jolt of demonetisation. In fact, the Bitcoin craze had started in the state as people looked for safe way to launder their piles of black money after November 2016.
credit:- Time of India
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