I believe that such scams were being conducted out of the box when the governments were not taking any serious interest in crypto. It'd be very easy for scammers to scam when they know that they are not going to be watched/caught, unless some authorities show up and take a stand. But, I think that crypto is an interesting subject that everyone, including governments should learn more about. They're just seeing the dark side of crypto because they want to, if they're not scared about the taxation part and have the guts to regulate it, I think we're strong enough to fight such scams and earn through this as well.
Exactly and stated correctly.
Monitoring crypto is the best policy to fight against money laundering and terror funding.
For example what happened after notebandi
Even RBI stated that 98.6 % currency banned came back again in the system.
Peer to peer exchange is something new and has different working principle,
So banning completely will rise more serious problem including corruption.Scams were operated when people became greedy , always invest what you afford to loose or else stay away from crypto world.
Today Supreme Court Of India will give its final judgement on cryptocurrency trading and transaction ban.Yes this market is interesting and everyone who have knowledge about it wants to invest. Banning is not a solution because even after ban still trading is going on.Only strict regulations is the solution.I hope we hear a positive outcome from apex court.