Scams are everywhere and it's very easy to implement a project scam in the cryptocurrency world because it is being done on the internet. The Internet can be used as a tool of scamming people especially when people get attracted to profit. Since then, I encountered a lot of scam projects for not paying the bounty hunters or the participants of the said project. I also participated in debunking a scam project to its lack of proof of legitimacy.
It's a big issue and very hard to be solved since it's being done globally and we can't control it instantly.
Topic: Crypto Scams are a global issue - page 24. (Read 4092 times)
As cryptocurrency hasn't got much support from countries around the world, it doesn't serve to be a big issue for the governments.
It will be a big issue.
If you read the next title, the number of cross-border payments from US Exchanges increased to 46%. It is an alarming percentage and always remembers that a lot of countries still don't regulate of support Bitcoin that much. In the future, a lot will recognize this and will use Bitcoin, even other cryptocurrencies more, I know the government already knew this and will make a certain solution for this.
As cryptocurrency hasn't got much support from countries around the world, it doesn't serve to be a big issue for the governments. In very few incidents the government interrupt understanding the serious of the problem. Over the years the popularity and usage of cryptocurrency among common people keeps growing. The same is been used as the chance by the scammers, and the term bitcoin is mostly used to promote the scam and make the common people as prey for them.
Now that crypto is allowing us to transact globally I am questioning if we are going to start to see more scams happen between countries. Do we need more compliance companies to step in to help major scams and illegal trafficking?
Full report: https://ciphertrace.com/articles/q1-2019-cryptocurrency-anti-money-laundering-report/
Full report: https://ciphertrace.com/articles/q1-2019-cryptocurrency-anti-money-laundering-report/
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