The number of people investing in cryptocurrencies is increasing day by day. Although cryptocurrencies are not yet fully recognized in India, a lot of people are investing in them. New cryptocurrencies are also coming into circulation. One party claims that the profit is high. But there are many who have lost money by investing in crypto.
In particular, a lot of Indians have lost their money in crypto scams. Cloud Czech company has released a shocking information about this. According to the study, Indian investors have lost $ 128 million by investing in counterfeit cryptocurrencies. The Indian rupee has lost more than 1000 crore rupees.
Recently a crypto investor contacted a cloud check company and reported that he had lost about $ 64,000 in crypto fraud. He has lost more than Rs 50 lakh in Indian currency. Apart from this he has lost a lot in deposit, tax etc. As such, there are plenty of people who have lost money in counterfeit cryptocurrencies.
They invest in cryptocurrencies without realizing it and get into trouble. It is for these reasons that the Government of India refuses to support cryptocurrency.