Trade in bitcoins at your own risk, finance ministry warns users The recent Bitcoin surge has triggered a ponzi scheme fear,in India, forcing the finance ministry to flag it on Friday. "VCs (virtual currencies) such as bitcoins don't have any intrinsic value and are not backed by any kind of assets. The price of bitcoin and other VCs therefore is entirely a matter of mere speculation resulting in spurt and volatility in their prices," the ministry said in a statement.…