Post
Topic
Board Economics
Re: Crypto Scams are a global issue
by
liuqi
on 30/10/2019, 18:40:14 UTC
Now that crypto is allowing us to transact globally I am questioning if we are going  to start to see more scams happen between countries. Do we need more compliance companies to step in to help major scams and illegal trafficking?

Full report: https://ciphertrace.com/articles/q1-2019-cryptocurrency-anti-money-laundering-report/

yes, I think fraud is a global problem that must be taken seriously. we know that with crypto people can transact globally, maybe that's one of the strengths. but we also have to realize that crypto can be used by people who are not responsible. like recently there was news that someone blackmailed a company in another country, and the fraudster asked for payment in bitcoin.

when compared to other industry this crypto industry is not that much saturated when we compare this to that. So global payment is obvious on crypto trading or any mode of business which runs relay on crypto.
Please look into the solutions whatever we can manage to make the payment without get trapped with scammers.
so I suggest everyone to use blockchain payment mode and kick the scammers away using good escrows and secured websites.