Cryptocurrency and Scams: A Guide to Know About Crypto Investments

As the Budget 2022 introduced the RBI plans to introduce digital currency in India. Amid all the assumptions Indian govt comes up with 30% tax on crypto assets. 

Despite its popularity, cryptocurrency may be extremely perplexing. Here's a beginner's guide on the basics and what you should know before you begin investing.

Cryptocurrencies are garnering a lot of interest from Indian investors. More than 15 million Indians are already buying and selling digital currency like Bitcoin, Dogecoin and Ether, putting them on par with the 23 million traders in the United States. 

Crypto investments have increased from roughly $200 million to nearly $40 billion in the last year. The tech-savvy millennials who find it easier to invest in crypto than gold and are open to high-risk, high-reward investments are driving this dramatic increase.

The Supreme Court reversed the RBI Bank's two-year-old ban on cryptocurrency trading in March 2020, prompting a 10-fold spike in new user signups at Mumbai-based CoinDCX and a 545 percent increase in site visits from India at international exchange OKEx a month later.

Despite its popularity, cryptocurrency may be extremely perplexing. Here's a beginner's guide on the basics and what you should know before you begin investing.

 

Read The Full Guide here:  A Guide to Know About Cryptocurrency 

 

Source: Technology News