The Investor Education and Protection Fund (IEPF) will start a public awareness campaign. The campaign will focus on cryptocurrency and online gaming. The goal of the initiative is to help people learn more about these topics.

What is the Investor Education and Protection Fund (IEPF)?

The Investor Education and Protection Fund (IEPF) was set up in 2016 to make investors more aware of their rights and protect their interests.

According to industry experts, both crypto-assets and online gaming, which include gambling and betting, are being pushed in a dangerous way. This is the fundamental reason that pushed the need for the campaign.

Key facts!

• The plan of the campaign is to reach out to people in rural and urban areas.
• This includes housewives and professionals.
• The campaign aspires to make them aware of the fundamentals around money markets.
• In addition to different ways to save money and invest (like mutual funds and stocks).
• The initiative also intends to make investors more aware of Ponzi and chit-fund schemes that might not be safe.
• Furthermore, the authorities believe that the problem with cryptocurrencies is that a lot of people worry that the fact that they are not regulated.
• Also, cryptocurrency exchanges in India are being looked into to see if they are involved in illegal activities.
• These activities could include the sale of illegal drugs breaking laws about foreign exchange, and avoiding taxes.
• Authorities also feel that the online gaming sector is threatened by offshore illicit gambling websites.
• These websites offer their services and rampantly market to unsuspecting Indian customers.
• They do so frequently posing as respectable gaming platforms,” according to the article.
• Some applaud the government initiative and emphasise the need to have a regulatory system for the cryptocurrency business.
• According to industry experts, it is becoming progressively more challenging to discriminate between trustworthy and dishonest operators.

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