The Indian Ministry of Finance has issued a statement in which he has warned people against the risks of investing in virtual cryptocurrencies including bitcoin, claiming that they lack the value and that they explain it with Ponzi schemes. It has warned the Indian Ministry of Finance on Friday to publicly invest in virtual currencies like Bitcoin in public warning. The finance ministry said, and they are not supporting any property, its "speculation" is running the prices of bitcoin and other virtual currencies.
source - https://www.ccn.com/bitcoin-like-ponzi-scheme-says-indias-government/