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 When compared to 2019 the number of users who entered into the crypto world are very high. CoinDCX ceo said the user base has grown more than 0.4% of the total Indian population. Though crypto currency is a good way to make huge passive income still some people keep away from the crypto market out  confusions. People who serve government is one amoung the same category.  Let's see if they can buy crypto-currency in India. There are certain limitations that the government imposes on the servant's when it comes the case of stock trading. The frequent trading of stocks are not allowed for goverment officials. But when it comes to the case of bitcoin and other crypto-currencies they are not stocks at all. There is no law stating the prohibition. Hence investing in crypto currencies are not illegal for goverment officials  in India. 

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 Global cryptocurrency market cap hits $1 trillion. More and more people are getting attracted to the crypto world. Along with the wide adoption of cryptocurrencies among people, there are new scams and Ponzi schemes rising every day. Here I'm describing some of the common scams in the crypto world and the precautions that can be taken to avoid them. Common Cryptocurrency Scams Initial Coin Offerings (ICOs)  ICOs are the fundraising mechanism for new cryptocurrencies. This is like the Initial public offering IPOs that is done when the companies are going public. About 99% of the cryptocurrencies launched by ICOs are either scams or short-lived. If you are a beginner in the crypto world, ICOs are not the right point to start your journey. Following are some of the important things to be checked on participating in ICOs.  Read the business plan, Check whether there is a sustainable business model   Do some research on the team behind it  Follow news and artic...