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Synopsis
With cryptocurrencies becoming popular, scams of different shapes and nature are also taking birth. Some manage to make profits but scamsters are out to trap people run over by greed in search of quick bucks. ET Prime spoke to new investors and Indian crypto exchanges to learn how this unregulated space is shaping up, and ways to avoid getting scammed.
What would you do if Wipro’s top man Azim Premji, the trustworthy philanthropist billionaire that he is, said that he endorses and has invested in cryptocurrencies through an auto-trading platform called ‘Bitcoin Loophole’ that helps people make tens of thousands of rupees per day? And you happen to read this information on one of India’s mainstream newspapers’ website? First temptation, and then comes a moment when the greed to make a quick
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