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Nomura says India brand name being used by fraudsters to solicit illegal crypto trade services

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Nomura said on Monday that certain unknown persons and entities claiming to be a part of the foreign firm were illegally soliciting services regarding trade in cryptocurrencies or their derivatives through online platforms in India, including Whatsapp groups. “Based on the limited information available to us, we believe that the activities being undertaken by the person/s or entity/s purporting to be part of Nomura are illegal and fraudulent, and also deeply undermine and tarnish the goodwill.

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