Fintech and AI: money in the digital ageStep 1 of 6
Crypto: a reality check
Blockchain in a nutshell, sharp price swings, promises of "guaranteed income", pyramid schemes and fake exchanges. The legal status can change, so check the official position.
"I doubled my money in a week"
Murad's friend Tural shows him a screenshot: "I put 500 AZN into a crypto platform and in a week it became 1,000! Shall I sign you up too? The manager does everything."
The balance in the screenshot really is growing. Murad is curious. Let's first understand what cryptocurrency is, then what's wrong with this story.
This lesson isn't investment advice
We don't recommend buying or selling any cryptocurrency. The aim is to learn to recognise the risks and scams.