Cryptocurrencies fly high in India despite warnings, tough regulations

Cryptocurrencies fly high in India despite warnings, tough regulations

FILE PHOTO: Representation of Bitcoin cryptocurrency is seen in this illustration taken January 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Ravi Handa was among thousands of investors who lost a combined $230 million in a cyberattack theft this summer on WazirX, a now-defunct Indian cryptocurrency exchange. Remarkably, it hasn’t soured the 41-year-old’s appetite for digital currencies.