Post
Topic
Board Bitcoin Discussion
Re: Crypto thefts, fraud hit $1.2 billion in Q1 report
by
fortunecrypto
on 14/06/2019, 15:47:11 UTC
Can you believe that losses from the theft of crypto from exchanges due to fraud hit $1.2B?

https://www.reuters.com/article/us-crypto-currency-fraud/cryptocurrency-thefts-fraud-hit-1-2-billion-in-first-quarter-report-idUSKCN1S62P3

I still can't wrap my mind around why people wouldn't want to have compliance with AML and KYC to better help that this doesn't happen

Yeah I find this very alarming, and this is what those against Cryptocurrency adoption are pointing out and why some countries and companies do not want them, something drastic should be done against like a world body to regulate and strict compliance to KYC and AML but on second they are already very strict on this.