Cryptocurrency Tax Advisor | CA in Mumbai | Chartered Accountant

2024 (147)

<p>Chartered Accountants India | Cryptocurrency Taxation | NRI Taxation | USDT Arbitrage | UAE Company Incorporation | Outsource Accounting Services | 2024</p>

Ponzi Crypto Apps cheating people in India 2024

International Taxation Crypto | Recover Money Crypto Scam | CA Mumbai | WhatsApp | Telegram | Scam

Recent news and analysis indicate that many Ponzi crypto apps are targeting and defrauding people in India. Many of these Ponzi cryptocurrency apps lure Indian customers and scam them by promising them high returns in short period of time.

First of all, What is 'Ponzi scheme' ?

Ponzi schemes are investment plans in which the owner or operating firm pays investors' returns from new cash raised from new investors rather than from the company's revenues. 

Crypto Ponzi schemes are crypto investment frauds that pay existing investors with funds collected from new investors. Crypto is a prime target for the masterminds of Ponzi schemes. Average investors do not fully understand the technology that crypto uses or how to evaluate a cryptocurrency as a sound investment. Unlike traditional investments where investors can dig into earnings, analyst research reports, audited documents and other required regulatory material, many crypto projects are unregulated and having anonymous founders is not unusual in the space.

Arbitrage with Sovereign Gold Bond (SGB) India 2024

USDT Arbitrage | SGB Arbitrage | Crypto Arbitrage | Risk Free Profits | USDT INR Arbitrage

As our readers are aware, we constantly search for novel arbitrage opportunities that enable individuals to earn relatively risk-free profits. Many of our clients and traders are acquainted with the USDT INR arbitrage opportunities within the cryptocurrency markets. Today we are going to talk about…

Crypto Get Rich Scam on Telegram & WhatsApp

Crypto Get Rich Scam on Telegram & WhatsApp

A very common Crypto Get Rich Scam on Telegram & WhatsApp is being executed by scammers In this form of scam, the scammers will ask you to deposit some money with the so called "Crypto Experts" or "Crypto Analyst" and they can do the trading…