BWA Launches 100 3u57j Day Crypto SAFE Campaign to Educate Web3 Investors on Risks

The BWA wants industry players and community must do their due diligence in exploring the sector. 501618

Written by Manas Mitul | Updated: 19 March 2025 09:56 IST

BWA Launches 100-Day Crypto SAFE Campaign to Educate Web3 Investors on Risks

Photo Credit: Unsplash/ Michael Förtsch q6u1t

The BWA, established in November 2022, is chaired by Dilip Chenoy

Highlights

The BWA is an independent crypto advisory body in India
The agency is working with the government on crypto rules
Over 40 Indian Web3 firms are of the BWA

ment

The Bharat Web3 Association (BWA) has launched a new initiative to inform India's crypto community on safe investment patterns. The “Crypto SAFE Campaign” initiative, where “SAFE” stands for Secure Asset and Financial Education, is designed to educate s on cybersecurity and digital hygiene. Additionally, the programme aims to help s understand responsible investing patterns and the importance of Do Your Own Research (DYOR).

The BWA's aim is to emphasise consumer protection in Web3 especially. Citing a report by cyber intelligence firm CloudSEK, BWA noted that India ranked second in global cyber-attack targets last year, with 95 entities affected. The advisory body said Web3 s faced risks from phishing, smart contract exploits, misinformation, and fraudulent schemes, thus requiring awareness among community .

“By emphasising informed decision-making, cybersecurity best practices, and the necessity of independent research, we aim to protect our community. Additionally, we are raising awareness about cybercrime reporting via the dedicated hotline 1930 to help prevent others from falling victim to scams,” Dilip Chenoy, Chairperson of BWA, said commenting on the matter.

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Crypto firms like Coinbase and Binance have recently expressed optimism on exploring India's Web3 market. In 2024, the country reportedly added over 4.7 million Web3 developers and is now expected to sur the US as the biggest hub of developers in the world.

The BWA believes that while the government is working to lay out detailed rules to oversee the sector, industry players and community must do their due diligence, as well. Earlier this month, the agency asked crypto companies to establish complaint management systems for consumer protection.

For the next three months, the BWA and its member firms will be using social networking platforms to engage with people on crypto safety and cybersecurity awareness.

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In January, the BWA laid down (ABCD) initiative to put together resources and programmes around newer technologies and methods that can help safeguard the Web3 landscape against hackers and vulnerabilities.

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Further reading: Crypto India

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More