Cabinet press release dated 20-02-2018 regarding Unregulated Deposit Schemes and Chit Funds (Amendme

based on the analysis an unregulated deposit scheme includes those schemes that are managed by Gold Jewellery shops or any other deposits which does not have any security backing its investment. However, all the crypto currency exchange merely provide a platform to invest in crypto currency which has Technical background. This means that it only intends to curb Ponzi Schemes, such coins which have no technical background. Such coins will assure you fancy returns, because of which people investing in such schemes without any technical knowledge lose out all their investments. Hence, the exchanges providing platform to trade crypto currency shall not be included in the above "Deposit Scheme"