September 4, 2026

Capitalizations Index – B ∞/21M

Busted: Indian Crypto Ponzi Scheme Lured Muslims With Halal Investment Promises

News – CCN
Busted: Indian Crypto Ponzi Scheme Lured Muslims With Halal Investment Promises

An Indian cryptocurrency Ponzi scheme masquerading as an investment company has crumbled in the aftermath of the Reserve Bank of India’s declaration of cryptocurrency as “illegal tender”. The Deccan Chronicle reported this week that Ambidant Marketing and Investment Company, run by father and son duo Syed Fareed and Syed Afaq Ahmed, used promises of Halal investments alongside misused Ulemas

The post Busted: Indian Crypto Ponzi Scheme Lured Muslims With Halal Investment Promises appeared first on CCN

Previous Article

ConsenSys and Amazon to Launch Ethereum Marketplace for Enterprise Blockchain

Next Article

Crowdsourced global IoT network Moeco joins Trusted IoT Alliance

You might be interested in …

Facebook unbans cryptocurrency ads to clear path for ‘facecoin’

Facebook Unbans Cryptocurrency Ads to Clear Path for ‘FaceCoin’

Facebook Unbans Cryptocurrency Ads to Clear Path for ‘FaceCoin’ Facebook is easing restrictions on certain cryptocurrency and blockchain-related content on its platform in a newly released policy update. New Facebook Policy Update on Cryptocurrency Ads […]

Gov't announces plans to regulate cryptocurrency trading

Gov’t announces plans to regulate cryptocurrency trading

Gov’t announces plans to regulate cryptocurrency trading 양준석 교수님 대담 ( : KOREA’S CRYPTOCURRENCY MARKET) And to tell us more about this… Professor Yang Jun-sok from the Catholic University of Korea… joins us in the […]