Since its inception, it has enrolled nearly 1,000 members from the southern states.
A group of cryptocurrency investors, who have formed the Tamil Nadu Crypto Club Members Association, are raising awareness about cryptocurrencies among members of the public.
C. Kandasamy, president of the association, said that a large number of people in the southern states invested in cryptocurrencies between 2018 and 2020, when it was not approved. They had also suffered huge losses because they were unaware of the risks. "Now, cryptocurrencies are recognized and we want to raise awareness about them among the public, the precautions they should take and what they should look for before investing in them," he said.
In the past month, since its inception, the association has enrolled nearly 1,000 members from the southern states. The registration drive continues and the association plans a series of awareness sessions. "We will also encourage the conduct of studies on cryptocurrencies and conduct awareness programs for different groups such as lawyers, teachers and others," he said.
By 2025, cryptocurrency will become mainstream and there should be better awareness of it among investors over the next two to three years, he said.
