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 46 days ago
 Source: inc42.com

Cryptocurrency Frauds In Tamil Nadu: Police Issues Warning To Investors

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In a bid to curtail cryptocurrency-based transactions in Tamil Nadu, the state’s Economic Offences Wing (EOW) has now issued a warning to individuals dealing with cryptocurrencies. According to a report in The Hindu, the department has taken this decision in the backdrop of cryptocurrency fraudulent cases reported in Tamil Nadu. A few cryptocurrency investors were cheated in these cases, however, accused are now arrested, it added. The EOW further highlighted that cryptocurrencies are not a currency as per the definition of currency in India. Moreover, the Indian government has not yet given the status of legal tender to any cryptocurrency.

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