Description

Book Synopsis
The size of crypto investments in India stands at more than $10 billion, and about 15 million Indians have invested in cryptocurrencies. Most crypto traders are in the age group of twenty-two to thirty years, and hail from Tier 2, Tier 3 and Tier 4 towns. The volatility and easy money that crypto promises has turned it into a financial phenomenon. As the traders know, mining crypto coins is an arms race that rewards early adopters. And they are in a hurry. This book traces the murky underbelly of the crypto world and its mercurial spread across India-from the interiors of Uttar Pradesh, where crypto accounts are looted at gunpoint to quick black to white, switches for money in Bihar to the lure of drugs and parties in Karnataka and social media influencers who choose to be paid in crypto to circumvent both taxes and accountability.

Crypto Crimes

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    A Paperback by Mitali Mukherjee

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      Book details

      Publisher Harper Collins
      Imprint HarperCollins India
      Published 1/26/2024
      ISBN-13 9789356996700
      978-9356996700
      ISBN-10 9356996709
      Also in:
      True crime

      Description

      Book Synopsis
      The size of crypto investments in India stands at more than $10 billion, and about 15 million Indians have invested in cryptocurrencies. Most crypto traders are in the age group of twenty-two to thirty years, and hail from Tier 2, Tier 3 and Tier 4 towns. The volatility and easy money that crypto promises has turned it into a financial phenomenon. As the traders know, mining crypto coins is an arms race that rewards early adopters. And they are in a hurry. This book traces the murky underbelly of the crypto world and its mercurial spread across India-from the interiors of Uttar Pradesh, where crypto accounts are looted at gunpoint to quick black to white, switches for money in Bihar to the lure of drugs and parties in Karnataka and social media influencers who choose to be paid in crypto to circumvent both taxes and accountability.

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