Post
Topic
Board Bitcoin Discussion
Re: How Informed is Your Country's Police About Crypto?
by
CryptoBry
on 18/11/2019, 05:26:02 UTC
In my country, I see many sites that are Bitcoin ponzi and scams. These thrive because the police put in little effort in tacking them. I like the awareness being created by the Indian police. What is the awareness level of law enforcement about crypto in your country?

Here in my country, I have no problem with the police enforcement on ponzi programs that are now using cryptocurrencies as their mode of pay-ins and payouts to avoid the usual detection but in many ways than one are destroying the image of the cryptocurrencies they are using because people will easily assume that these ponsiz are representing cryptocurrency when actually there is no such a connection. However, being under the law and using the presumption of innocence, police can only love if there are complaints and there are orders from the court. This is where the weakness is. I believe that government agencies should be pro-active in seeking these scams and stopping them before they can grow and victimize as many people as possible.

I heard that Indian police are focusing a good part of their time and resources to be running after these pyramiding programs which have fooled many people to shell out their hard-earned money in the hope of getting more money. This is really a universal problem and almost all countries are affected by this malady, well maybe for as long as we are all humans and under the power of green then programs like this will be sprouting from time to time. People should be educated and maybe it would be good if there can also be a slight penalty for people who are promoting these scams offline and online, that way people will stop talking about them.