Post
Topic
Board Altcoin Discussion
Re: Cyber Crimes and Crypto
by
jagaban
on 23/08/2019, 11:09:30 UTC
Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019

All these Criminal Acts is giving Crypto a bad name , i think there should be more measures and controls to be put in place in other to curb such occurence.


https://cointelegraph.com/news/cyber-criminals-netted-43b-from-crypto-related-crime-in-2019-study

This is one of the major shortcomings of decentralization as it accords each individual total control of their financial behaviour online. With centralization, however, there is a limit to what each person can do and also a watchdog continuously monitoring the movement of money between wallets. If crypto will ever get legalized, then it will have to be centralized to a point where security can monitor all transactions to prevent cybercrimes like this