India clamps down on digital fraud as cases rise in 2024

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CoinGeek 1d ago

India clamps down on digital fraud as cases rise in 2024 - CoinGeek

Quick Summary:

In 2024, India's digital asset and fintech ecosystem was shaken by digital frauds, with over $44 million lost in scams, prompting authorities to intensify their crackdown to safeguard investors.

The post India clamps down on digital fraud as cases rise in 2024 appeared first on CoinGeek.

The impact of these frauds has been twofold: while they have shaken investor confidence, they have also catalyzed discussions around the necessity for clearer regulations and better consumer education within the crypto ecosystem,” Chandra added.