Consumer affairs ministry to set up panel for FAQ on cryptocurrencies

Calls meeting to discuss complaints against edutech firms

Days after pulling up restaurants and ride-hailing apps, the consumer affairs ministry is now planning to set up a panel to develop frequently-asked questions (FAQs) on cryptocurrencies. Besides, amid complaints of edtech companies exerting undue pressure on school children, the ministry will also hold a meeting with companies like Byju's and Unacademy.

“The current position on cryptocurrencies is that it can be advertised, so the FAQs will enable consumers to understand cryptos are and take precautions before investing,” Consumer Affairs Secretary Rohit Kumar Singh said on Friday.

On edtech companies, Singh said he had called a meeting of leading players