there is no denying that the blockchain project is synonymous with fraud, because most people only see it as a comparison of bitcoin which has become an extraordinary digital asset. With the capital of a whitepaper and a vision to create revolution many people are deceived.
but not all blockchain projects are like that, this happens
because of a lack of regulation,
regulation cannot totally combat frauds . ive witnessed alot of regulated projects but they can still be bypass by fraudsters . we all cant prevent fraud because fraud is already part of the ecosystem ( not just crypto ) altough we can minimize the risk of catching them if we manage to plan our moves and decisions carefully .
At least it can reduce and minimize the crime rate, when regulations are made of course there will be a verification of data in
exchange or wallet, and that can minimize someone to cheat, because their identity has been seen by government