Quote from: bryant.coleman on September 09, 2019, 01:36:18 AM

Quote from: Semosuchi Tesongrato on September 08, 2019, 11:01:53 PM

Scams have been a problem since the world existed, certainly not born with the crypto. There is always someone who tries to get an unfair advantage by deceiving the good faith of honest people. However it is quite easy to defend oneself, very often those who let themselves be scammed deserved it.

Scams are everywhere and cryptocurrency sector is no exception to this. But there are certain factors that worsen the impact of scams in this field. One of such factor is the level of anonymity offered by cryptocurrency. If someone cons the investors and vanish, then it becomes really hard to trace that particular individual. It takes a lot of time and resources to identify the person and then even more resources to file a lawsuit against him.

The other factors include the lack of experience of the investors, lack of clarity of the legal status of Bitcoin.etc. Since Bitcoin is not legal in a large number of countries, the victims are very unlikely to complain to the cops. And this encourages the scammers to repeat their tricks. Even if someone is caught, the existing laws may not offer enough clarity in terms of the quantum of punishment and other parameters.

because there is no clear cryptic law, the crime cannot be legally processed for trial. most people who are fraudulent have to give up their assets, with no returns. and the trick is to repeat the trick, because there are still many new investors and inexperienced investors who can become their victims.
I don't think this crime will decrease before the certainty of cryptocurrency law