The popularity of cryptocurrency across the world, India included, is undeniable. With several investors raking in unimaginable profits every day, more people are jumping on the cryptocurrency bandwagon for various reasons. For starters, it gives users autonomy over assets and transactions. However, in the absence of an authority to govern the functioning of cryptocurrency channels, users can also fall prey to fraudsters and become subjects of scams. With time the growing popularity and upward trajectory of the value of cryptocurrencies such as Bitcoin, Ethereum and Dogecoin, has resulted in customers being faced with an increased risk of fraud.
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