LexQuest Foundation

Tag: Ponzi Scheme

  • Bitcoins: The Gen Next Revolution or Disaster

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    LexQuest Foundation
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    By Sanya Darakhshan Kishwar, Central University of Bihar, Gaya. A Critical Analysis of viability of Bitcoins as Currency Bitcoins is a peer-to-peer payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto.[1] The payments in the system are recorded in a public ledger using its own unit of account,[2] which is also called Bitcoins. The US Treasury calls Bitcoins a decentralized virtual currency as the…

  • Saradha Scam: A Critical Analysis

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    LexQuest Foundation
    in

    By Mula Sneha Goud, JSS Law College, Mysore. Limited access to formal banking system has made room for another scam. The greed for money and limited knowledge on banking has created a web of informal banking, by moneylenders. However failure to curb the role of these moneylenders and mitigate informal systems gave rise to devious…