Re: Crimes involving crypto have risen

"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."

where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.

One of the saddest thing in this industry is having a crimes involving our money and asset. The continuously growing of frauds, crimes, hack and scam are reason why many people want to go away with investment in cryptocurrency. They think that their capital is on cliff and anytime it will waste and die.

Well we cant stopped those greedy person who really do crimes where money always involve since it was one of the main needs to survive in this world. Becuase without it you cant eat and buy basic needs in life. Crimes are really everywhere it doesnt choose anytime and situation as long as they have chance criminals will go for it.

That is the main reason why the government are still having doubts in legalizing. If they will legalize it, there should be regulations about how the citizens will avoid scam projects and also to lessen the criminal activity. There are many pesons who are using bitcoin in their illegal transactions, there are study that saying most of the criminals who are want to stay anonynously are using bitcoin mixer.

Honestly, people do not need the government to legalize bitcoin and other cryptocurrencies. The cryptocurrency is based on the decentralized system and because of that, it will never ever suit the money system which is controlled by the government. The stronger bitcoin and other cryptocurrencies become, the weaker the government is.

Cryptos are a threat to their monetary system as there is no control over it. The government will always like to have control over its monetary system so they don't legalize but may regulate it. Regarding this topic, it becomes easy for the criminals to transact with cryptos rather than fiat the risk has been reduced in using cryptos over fiat which leads to an increase in such activities.

Legalizing it would be a threat not only for the government but also for the users, this will surely increase the crime cases in this digital market. The control that government and central authorities have over state things cannot be maintained in this business so governments will never allow to become this system legal.