The Bharat Web3 Association (BWA) has launched a 100-day “Crypto SAFE Campaign” to help Web3 investors make informed and secure investment choices. The initiative, where “SAFE” stands for Secure Asset and Financial Education, focuses on educating users about cybersecurity, digital hygiene, and responsible investing.
With India ranking among the top targets for cyber-attacks, Web3 users face threats like phishing, smart contract vulnerabilities, misinformation, and scams. The BWA aims to spread awareness and guide investors in protecting their assets. A key focus of the campaign is promoting “Do Your Own Research” (DYOR) and best practices in online security.
Dilip Chenoy, Chairperson of BWA, highlighted the importance of informed decision-making and cybersecurity in the Web3 space. The campaign will also encourage reporting cybercrimes through the national helpline 1930 to prevent fraud.
As India continues to grow as a major Web3 hub, global crypto firms like Coinbase and Binance are exploring opportunities in the market. With over 4.7 million Web3 developers added in 2024, India is set to surpass the US as the largest developer base.
To strengthen consumer protection, the BWA recently urged crypto companies to implement complaint management systems. Additionally, it introduced cybersecurity and fair-trading guidelines for virtual asset service providers (VASPs) and launched the Alliance for Blockchain and Crypto Defence (ABCD) to develop advanced security solutions.
For the next three months, BWA and its partners will leverage social media to educate users about crypto safety and cybersecurity. As the Web3 space evolves, the campaign aims to ensure that investors stay secure and make smarter investment choices.
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