India has encountered a loss of $3.2 billion towards crypto frauds. A report by Bloomberg has revealed that the interest for bitcoin rose among the Indians after the demonetization announced in November 2016 aimed at curtailing tax evasion. The movement resulted in the diversion of 45 billion rupees towards various investments including cryptocurrencies.
India has lost $3 Billion to crypto scamsIncryptsAug 10, 20180
Feb 18, 2020