Crimes involving crypto have risen - page 13.

ShooterXD

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Quote from: ardentvolcanoes on September 28, 2019, 12:57:25 PM

Quote from: ShooterXD on September 28, 2019, 07:13:34 AM

Here in Brazil, the regulation on exchanges are growing fast.
The regulators looking for people Who use crypto to wash money coming from corruption in Petrobras and big engineer company.

Many ponzi are busted too.

Consider it as a good news since ponzi businesses damages the image of crypto, its a good action from the government to begin chasing those illegal doers and bring good business to cater and support crypto system. If the government manage to clean this illegal business and those criminals who hides there transactions using cryptos, the chance being adopted will increase. Regulations will help in some ways only if the govern bodies are serious to use the system.

The govern combat the ponzi is a good news, but this happen only to protect banks, because people cashout your money from banks to invest in these ponzi. Banks in Brazil are a BIG mafia, they control everything. In vaza jato scandal, the banks are envolved too, but no one get punishiment from law.

They raise high interest rates and leave the population indebted and in their hands, indebted the state itself with such loans as well.

ardentvolcanoes

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Quote from: ShooterXD on September 28, 2019, 07:13:34 AM

Here in Brazil, the regulation on exchanges are growing fast.
The regulators looking for people Who use crypto to wash money coming from corruption in Petrobras and big engineer company.

Many ponzi are busted too.

Consider it as a good news since ponzi businesses damages the image of crypto, its a good action from the government to begin chasing those illegal doers and bring good business to cater and support crypto system. If the government manage to clean this illegal business and those criminals who hides there transactions using cryptos, the chance being adopted will increase. Regulations will help in some ways only if the govern bodies are serious to use the system.

marcuslong

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Here in the Philippines, they use it as a mode of payment in their ponzi scheme so that they can invite many people in my country. If people is knowledgeable in crypto I think they will not invest in this kind of investment. To prevent this we need to spread our knowledge about bitcoin in our community.

senne

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Quote from: Paulinerims on July 22, 2019, 05:39:46 AM

"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."

where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.

The crime rate touched 70% of that of 2018's within the first half of 2019. Usually the crime increase in the area which is gaining popularity and hype. If you see the stats, you will notice that most of the crimes involves fraud exchanges or ponzi schemes.

What I think is the viable solution is that such exchanges should get regulated like financial institutions where regular audits are being done and they need to maintain some credit which will come handy in case of default or uncertain situation. It is necessary to maintain strict regulation where money is involved.

micher143

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Quote from: Paulinerims on July 22, 2019, 05:39:46 AM

"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."

where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.

there is crime everywhere, I think it will not affect the price in general, but that certain coin that is hacked is the one that will be affected just like the XEM the largest heist in history. XEM became a lame coin after that incident but the cryptocurrency as a whole is not affected at all.

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Quote from: Paulinerims on July 22, 2019, 05:39:46 AM

"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."

where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.

That is one of the reason why some government are pursuing to regulate crypto, to atleast lessen crypto being used in illegal activities, money laundering and scam. Even in our country crypto is now being used for drug transactions, scam, money laundering and etc. Maybe one of the reasons why mass adaptation is not yet achievable as of now.

ShooterXD

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Here in Brazil, the regulation on exchanges are growing fast.
The regulators looking for people Who use crypto to wash money coming from corruption in Petrobras and big engineer company.

Many ponzi are busted too.

snakey

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Haven't heard major crime stories related to Crypto recently. The whole world's government is tightening the grip on the use case of crypto currencies. So countries have banned it and have started taking action against their citizens who happen to use it for any purpose whatsoever.

ShooterXD

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The online crime rises due to technology evolution.

People are stopping to work in bank robbery, and start stole funds from people.
We live in the time of scams. All careful is needed, we need to pay more attention and keep our money safe.

plast555

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A valid argument for each entity in which money is included.
If you knew how many banks were robbed a day in the world, you wouldn't even think about crypto. Since cryptocurrencies are transparent, this kind of news does not usually remain confidential.
However, cryptocurrencies are much safer and easier to store than fiat currencies, with very low theft rates.

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Quote from: travwill on September 23, 2019, 04:43:52 PM

Unfortunately you are right, without strict scam regulation projects will appear and appear. Little can be done with this.
The safest way is to increase our own literacy and the general literacy of the community, so we can quickly identify scam projects.

Strong regulations should be first on the list, most especially for crowdfund and exchanges. They have started sanitizing the system and it could take a long time with the wide coverage of atrocities in the space, both within the team and outside influence that comes during crowdfund, I didnt know SEC can handle cases anywhere in the world even in places without their allies, like Russia.

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Quote from: acroman08 on September 24, 2019, 12:01:03 AM

Quote from: stadus on September 23, 2019, 07:44:10 PM

Quote from: travwill on September 23, 2019, 04:43:52 PM

Unfortunately you are right, without strict scam regulation projects will appear and appear. Little can be done with this.
The safest way is to increase our own literacy and the general literacy of the community, so we can quickly identify scam projects.

I think there's a lot of information online shared by the community on how to determine and to avoid scam, it's just that people who are willing to invest are lazy and just want to invest to get quick return.

Therefore, we cannot solve the scams in the market without regulation as regulation will protect those investors that are not smart enough against scam, when a strict regulation in place, scams will not be able to operate again as they need to pass certain requirements first before they can operate which they have to state their real information so the authority can go after them if they scam investors.

This
Collection of comprehensive guides on identify and avoid scam projects
The beginner's guide on how to not get SCAMMED with cryptocurrency
[GUIDE]How to avoid scam?
there are more of guides on how determine and avoid scammers you just have to look for it.

even with all the regulation is in place scammers will still find a way to scam gullible investors but putting all these regulation is the best path to take to protect investors from scammers.

I think that users and cryptocurrencies should not only be careful about them, but also constantly improve in their business, since the security of their cryptocurrency funds, personal data and everything that is valuable to them will depend only on their knowledge, experience and ingenuity. Fraud will be present always and everywhere, and everyone is at risk from the attack of characters. In this case, the user's safety always depends on himself. But it seems to me that we are talking about crimes that are committed by criminal groups using cryptocurrency. Perhaps we are talking not only about the arms and drug trade, but also the financing of criminal activity. It is because of this that today everywhere there is a requirement to provide KYC to each cryptocurrency user. Today, a very urgent problem for many governments is that many corrupt officials and businessmen who evade paying taxes also use cryptocurrency.

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Quote from: stadus on September 23, 2019, 07:44:10 PM

Quote from: travwill on September 23, 2019, 04:43:52 PM

Unfortunately you are right, without strict scam regulation projects will appear and appear. Little can be done with this.
The safest way is to increase our own literacy and the general literacy of the community, so we can quickly identify scam projects.

I think there's a lot of information online shared by the community on how to determine and to avoid scam, it's just that people who are willing to invest are lazy and just want to invest to get quick return.

Therefore, we cannot solve the scams in the market without regulation as regulation will protect those investors that are not smart enough against scam, when a strict regulation in place, scams will not be able to operate again as they need to pass certain requirements first before they can operate which they have to state their real information so the authority can go after them if they scam investors.

This
Collection of comprehensive guides on identify and avoid scam projects
The beginner's guide on how to not get SCAMMED with cryptocurrency
[GUIDE]How to avoid scam?
there are more of guides on how determine and avoid scammers you just have to look for it.

even with all the regulation is in place scammers will still find a way to scam gullible investors but putting all these regulation is the best path to take to protect investors from scammers.

stadus

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Quote from: travwill on September 23, 2019, 04:43:52 PM

Unfortunately you are right, without strict scam regulation projects will appear and appear. Little can be done with this.
The safest way is to increase our own literacy and the general literacy of the community, so we can quickly identify scam projects.

I think there's a lot of information online shared by the community on how to determine and to avoid scam, it's just that people who are willing to invest are lazy and just want to invest to get quick return.

Therefore, we cannot solve the scams in the market without regulation as regulation will protect those investors that are not smart enough against scam, when a strict regulation in place, scams will not be able to operate again as they need to pass certain requirements first before they can operate which they have to state their real information so the authority can go after them if they scam investors.

travwill

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Unfortunately you are right, without strict scam regulation projects will appear and appear. Little can be done with this.
The safest way is to increase our own literacy and the general literacy of the community, so we can quickly identify scam projects.

Betwrong

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Quote from: freedomgo on September 21, 2019, 06:37:39 AM

~
I will still stick with my opinion that regulation would reduce crimes in crypto since it's impossible to totally eradicate it.

And I will stick with mine. I think that only honest governments have the right to impose regulations on their peoples' businesses. If the government consists of criminals then the less power it has the better for the people. Corrupted governments use regulations only to their own benefit, to enrich themselves and make their power stronger. We don't want that.

Shadidalam1111

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I believe that businesses that operate should be certified by the SEC and through a number of legal documents. Besides, crypto businesses should also be controlled by their daily transactions. That is the only way to prevent scams.

DarkIT

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Quote from: mamahdedeh on September 22, 2019, 11:38:53 PM

Quote from: bittick on September 22, 2019, 07:22:25 PM

Quote from: lumierre on September 22, 2019, 04:46:01 PM

Quote from: haseeb ahmed on September 12, 2019, 10:14:09 AM

~ snip ~

~snip~

as long as it's used correctly, I think KYC can be useful for cryptocurrency users. but the problem is if it is used incorrectly, because it involves a person's real identity. for countries that already support cryptocurrency, I think it will be safer if we do kyc, of course, it is already protected by the government. especially in Korea

many people agree to use KYC because it can reduce scammers, money laundering on an exchanger, and many more. but we also need to be careful in using our KYC. true, it is concerned with the personal data that we have, and when it falls on the wrong person or wrong place, I think it can be one of the new crimes. in fact, I heard that hackers also tried to steal KYC on the exchangers they hacked.

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Quote from: bittick on September 22, 2019, 07:22:25 PM

Quote from: lumierre on September 22, 2019, 04:46:01 PM

Quote from: haseeb ahmed on September 12, 2019, 10:14:09 AM

World was not aware of crypto currency until 2017. No one consider it seriously and that is why many criminals took advantage of that because it is decentralise and no one is controlling it. But like many countries are working on it this issue will get resolve in couple of years .

It was used before 2017 really actively. Moreover, it is curious that Bitcoin is not the most popular cryptocurrency among hackers and those, who are connected with the criminal world. The number one crypto in their "society" is Monero. Thanks to the true anonymity of this altcoin, it is a real tool in the hands of criminals. Besides, they like Ethereum and Bitcoin Cash very much.

Now that everything literally requires KYC criminals will have a hard time I guess, also I think this is the reason why Korean exchange delist any privacy coin simply to prevent any criminal activities and it seems so many exchanges out there also trying to delist. if that's really necessary to be done then so be it.

as long as it's used correctly, I think KYC can be useful for cryptocurrency users. but the problem is if it is used incorrectly, because it involves a person's real identity. for countries that already support cryptocurrency, I think it will be safer if we do kyc, of course, it is already protected by the government. especially in Korea

maman567

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Many cases of cryptocurrency crimes every years with much fund have stole in exchange market, its become bad way how to make bitcoin and altcoin on higher price with situation always happen.

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