........At the same time, the experts are also raising concerns about cyber security issues, given the huge scope of money laundering and other illegal activities through use of an unregulated digital currency concept. "The real fear is that Bitcoin can be used to help money laundering," said V Rajendran, advocate and President, Cyber Society of India. "The concept of a digital currency, unregulated by any monetary authority, is a recipe for disaster. The RBI must step in and regulate this immediately. Lured by so-called appreciation in bitcoin value, people may invest in this and risk losing everything," he added..............
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