Listen, I think you're wrong. fraud with digital currencies and government attempts to begin regulation of cryptocurrency are in no way connected. these are two separate directions about which you need to speak separately, otherwise everything is shifted into a heap and then you will not be able to make out who had in mind what circumstances. India regulates cryptocurrency for the ability to influence money, this is the only reason they have claimed on tv
Why are some governments so keen to prove that bitcoin is dangerous. Recently, the Indian government sent notifications to the citizens that they should not invest in bitcoin.
If that's true, well the people still have their choice if they'll invest in bitcoin despite of the high risk involved. Since some governments still don't know how to deal with cryptocurrency, they're giving warnings regarding investment with bitcoin. Until they come up with a bill pertaining to cryptocurrency regulations.
There are so many ways on how you could earn bitcoin, Investing, Trading, claiming it on Faucets, and so on, but there are also ways of earning it through those Ponzi scams out there which we thought legit in the first place, that is why if there are people who get scammed by this kind of schemes, they will post it on social media blaming that bitcoin is a scam.
So, what is going to happen next is the Government will come up to a conclusion that bitcoin is a scam and risky so we have to be aware, like WHAAAT?! I'm just laughing whenever I read articles or hearing news about this nonsense.