Primary Country (Mandatory)

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
Explained | What is the crypto awareness campaign?
Premium

Explained | What is the crypto awareness campaign? Premium

The Hindu
Sunday, January 01, 2023 12:46:13 AM UTC

Why is a government outreach programme on sectors such as cryptocurrencies, which has seen a lot of turbulence recently, and online gaming necessary? What are the risks and concerns and why does the messaging need to be right?

The story so far:

The Investor Education and Protection Fund (IEPF) will launch an outreach programme soon to create awareness of cryptocurrencies and online gaming. The need for the outreach is based on the observation that both crypto-assets and online gaming (that extends to gambling and betting) are still being promoted in a risky manner despite the recent turmoil in the sector.

The Investor Education and Protection Fund (IEPF) is managed by the IEPF Authority, which was set up in 2016 under the provisions of Section 125 of the Companies Act, 2013. The Authority is entrusted with the responsibility of administration of the IEPF, which, besides promoting awareness among investors, makes refunds of shares, unclaimed dividends, matured deposits and debentures and so on to rightful claimants.

As for investment education, the idea is to reach out to household investors, housewives and professionals alike in rural and urban areas and teach them the basics. Focus areas include primary and secondary capital markets, various saving instruments, the instruments for investment (such as mutual funds, equity, among others), making investors aware of dubious Ponzi and chit fund schemes and existing grievance redressal mechanisms, among other things. Until the end of October, it had conducted more than 65,000 awareness programmes covering 30 lakh citizens.

The crypto dilemma stems from concerns about the unregulated currency having a destabilising effect on the monetary and fiscal stability of a country.

Further, crypto exchanges in India are being investigated for their alleged involvement in unlawful practices such as drug trafficking, money laundering, violating foreign exchange legislation and evasion of GST. As on December 14, proceeds of crime amounting to ₹907.48 crore have been attached/seized, three persons have been arrested and four prosecution complaints have been filed before the Special Court, Prevention of Money Laundering Act (PMLA).

Also read | Yellen moots global cooperation on cryptocurrency regulation

Read full story on The Hindu
Share this story on:-
More Related News
Meta invests $14.3 billion in AI firm Scale and recruits its CEO for ’superintelligence’ team

Meta is making a $14.3 billion investment in artificial intelligence company Scale.

Sunjay Kapur, industrialist and Karisma Kapoor’s ex-husband, passes away

Sunjay Kapur, Indian industrialist and former husband of Karisma Kapoor, dies of heart attack in UK at 53.

Industrialist Sunjay Kapur, Karisma Kapoor’s ex-husband, passes away

Sunjay Kapur, Indian industrialist and former husband of Karisma Kapoor, dies of heart attack in UK at 53.

Moody’s downgrade and U.S. fiscal reality Premium

Explore the unnoticed financial trend amid global uncertainty and the implications for India and the world.

Mercedes-Benz unveils AMG G 63 ‘Collector’s Edition’ priced at ₹4.3 crore

Mercedes-Benz introduces limited edition India-inspired AMG G 63 at ₹4.3 crore, showcasing local innovation and collaboration.

‘Air India plane crash likely to lead to hardening of aviation insurance market’

Air India Dreamliner crash in Ahmedabad to impact aviation insurance rates, with liability coverage exceeding $500 million.

Škoda Auto India focuses on automatic vehicles to propel its growth

Škoda Auto India focuses on automatic cars to drive growth, aiming to double market share by 2025.

Easing food prices push retail inflation down to six-year low of 2.8% in May

Retail inflation hits 75-month low at 2.8% in May 2025, driven by falling food prices, prompting RBI to pause rate cuts.

Central schemes must pass “effectiveness” test with “positive outcomes” to continue beyond this year: FinMin

Union government to continue funded schemes based on positive outcomes, sunset dates, and financial limitations for effective governance.

Boeing shares decline 8% pre-market after Air India crash  

Boeing shares drop 8% after Air India crash near Ahmedabad airport, Boeing 787-7 London-bound aircraft.

India slips to 131st position in Global Gender Gap Index 2025

India ranks 131 in Global Gender Gap Report 2025, with improvements in economic participation and political empowerment.

India's goods, services exports may cross $900 billion this year: Piyush Goyal

India's exports hit $825 billion in 2024-25, projected to reach $1 trillion in 2025-26 despite global turmoil.

Addressing non-tariff barriers key for India, EU trade pact, says Piyush Goyal

India and EU actively working to address non-tariff barriers for proposed free trade agreement, says Commerce Minister.

NCLT directs insolvency resolution proceedings against Gensol Engineering and arm Gensol EV Lease

NCLT admits Gensol Engineering and Gensol EV Lease for insolvency resolution, appoints alternative IRP, rejecting IREDA's proposed name.

India moves to conserve its rare earths, seeks halt to Japan exports

India's IREL to halt rare earth exports to Japan, aiming to boost domestic mining and processing capabilities.

Israel-Iran conflict to impact oil supply to India, increase export costs by 40-50%

Israel's attack on Iran raises oil prices, posing risks to India's economy with potential supply disruptions and increased export costs.

Apna.co unveils AI interview tool for job seekers

Apna.co's AI Job Prep tool offers realistic interview simulations and personalized feedback to boost candidates' confidence nationwide.

LTV breather in RBI’s gold loan final directions a positive for NBFCs, says Crisil Ratings

RBI's increased LTV ceiling for gold loans will boost NBFC growth, despite changes in computation, according to Crisil Ratings.

LIC to relax claims documentation of Air India crash victims

LIC offers relaxations for Air India crash victims' insurance claims, accepting alternative proof of death for faster settlements.

Ivory Coast workers say Unilever is violating their union rights amid share sale, documents show

Unilever workers in Ivory Coast protest lack of severance pay after business sale, violating collective bargaining agreement.

World Bank, IFC approve $700 million loan for Pakistan's Reko Diq project

IFC and World Bank approve $700 million loan for Pakistan's Reko Diq mining project, boosting country's resource development sector.

European airline stocks tumble after Israel strikes on Iran

European airline stocks plummet as Israel-Iran conflict drives oil prices up, leading to flight cancellations and stock drops.

Rupee plummets 56 paise to 86.08 against U.S. dollar in early trade

Rupee falls to 86.08 against dollar due to global oil prices, Middle East tensions, and FII outflows.

Stock markets tumble in early trade on weak Asian peers; sharp surge in Brent crude oil prices

Equity indices plummet as Brent crude spikes after Israel attacks Iran; global markets react to geopolitical tensions.

Oil soars more than 9% after Israel strikes Iran, rattling investors

Oil prices surge after Israel strikes Iran, escalating Middle East tensions, raising concerns about disrupted oil supplies.

© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us