We regularly read FUD articles in the popular media about Bitcoin being used in scams and that it is a perfect tool for scammers to hide their activities and the movie industry already labelled Bitcoin as the Internet of Money for the DarkNet. 
I am currently watching a series called, "Undercover: Nailing the Fraudsters" and most of the scams featured there are done within a regulated environment. Boiler room scammers are not requesting payment in Crypto currencies to hide their activities, they get the victims to deposit money via their Bank accounts into their Bank accounts.
In business, the term boiler room refers to an outbound call center selling questionable investments by telephone. It usually refers to a room where salesmen work using unfair, dishonest sales tactics, sometimes selling penny stocks, private placements or committing outright stock fraud. - Source : https://en.wikipedia.org/wiki/Boiler_room_(business)
So, next time when someone tells you that Crypto currencies are used for scams, please highlight the fact that most scams are still being done under the nose of the regulated financial industry.
I am currently watching a series called, "Undercover: Nailing the Fraudsters" and most of the scams featured there are done within a regulated environment. Boiler room scammers are not requesting payment in Crypto currencies to hide their activities, they get the victims to deposit money via their Bank accounts into their Bank accounts.
In business, the term boiler room refers to an outbound call center selling questionable investments by telephone. It usually refers to a room where salesmen work using unfair, dishonest sales tactics, sometimes selling penny stocks, private placements or committing outright stock fraud. - Source : https://en.wikipedia.org/wiki/Boiler_room_(business)
So, next time when someone tells you that Crypto currencies are used for scams, please highlight the fact that most scams are still being done under the nose of the regulated financial industry.
Information stated above is really helpful. Lot of people still thinks that the Cryptocurrency Industry is full of scams and frauds but they are only scared because they have no knowledge of it. They need to have an open mind and learn about it. It is true that there may be some risk but learning about it will bring lots of profit. Being careless in the Cryptocurrency Industry is one of the worst thing that can occur to an investor. When i first learned about the forum, the first thing that i have read was on the Beginners section which is a great help and reading it is not a waste of time.
You know you don;t have to be scammed out of currency. You could have your time scammed away from you. You could also lose things of value. People can sell your contierfiet thing or trick you and leave you with nothing sitting scratching your head wondering what happened. Some peopel appear to need help but they just want money. Even in the streets you get beggers who ask for money and sometimes they drink it away but they will lie adn say they do not. That happens every day. If someone has something a greedy person will want it. Some greedy people don't want to earn it they want to take it. Bitcoin is just another place they can scam. Bitcoin is new so it is open to scams. You see the scammers will hope onto whatever is hot right now.