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The head of Indian NASSCOM called cryptocurrency illegal

ICO-NEWS-NASSCOM-called-cryptocurrency-illega_20181027-070205_1 Debjani Ghosh | President of NASSCOM

The head of the Indian non-profit trade organization called the cryptocurrency "illegal" and urged enterprises to comply with local legislation.

Debjani Ghosh, president of the National Association of Software and Service Companies (NASSCOM), consisting of more than 2,000 companies, said that, from an organization's point of view, cryptocurrencies in India are illegal. According to her, the "illegal" status of cryptocurrencies was because the government could not keep up with innovations.

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IFAN and PINCOIN disappeared with 660 million dollars

ICO-NEWS-IFAN-and-PINCOIN-disappeared-with-660-million-dollars

The Vietnamese company Modern Tech disappeared, cheating about 32,000 people who invested more than 15 trillion Vietnamese dong ($ 660 million) in two fraudulent cryptocurrency projects. Last Sunday, dozens of disgruntled investors gathered near the company's office in Ho Chi Minh City demanding to return the invested money. However, the owner of the building, which housed the office of Modern Tech, said that the company had moved out about a month ago.

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