Hyderabad: The gold rush of cryptocurrency may have allured many Indians to its fold over the last year but many new entrants are still finding it an uphill task to wade through the nitty gritty of investing in digital currency.
While there are many platforms to invest in crypto, one needs to be extra cautious because in the case of cryptocurrencies, there is no central regulatory body that will come to your rescue as in the case of stock markets, where you can reach out to the Securities Exchange Board of India (SEBI) for redressal of grievances.
Nischal Shetty, CEO of crypto exchange WazirX and member of Blockchain and Crypto Assets Council (BACC), set up under the aegis of the Internet and Mobile Association of India (IAMAI), said there are over 1.5 crore investors holding crypto assets worth over Rs 1,500 crore in India. Shetty explained that cryptos are not a get-rich-quick scheme but a high-risk form of investment, which is why people should only…

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