These days there are a lot of P2P scams on Binance and other platforms. The P2P platforms are not be blamed but the scammers are coming up with new ways to scam people who are new to the crypto world.
Recently Binance did a P2P scam awareness session with our local community which was very informative.
The recording can be watched here https://www.binance.com/en/live/video?roomId=2138115
Now my question is that in my country, crypto is not legalized, so in case if anyone is scammed through P2P, we can't take up this matter in the legal court because the country does not recognize the transactions of crypto in the first place.
Does this gives a free hand to scammers as they know that they cannot be punished by a court of law
Crypto isn't legalized is different from crypto is banned so in the case you're talking still you can take it to legal proceedings if you're scammed while doing cryptocurrency trading and the existing law related to scam through online will still applies.Recently Binance did a P2P scam awareness session with our local community which was very informative.
The recording can be watched here https://www.binance.com/en/live/video?roomId=2138115
Now my question is that in my country, crypto is not legalized, so in case if anyone is scammed through P2P, we can't take up this matter in the legal court because the country does not recognize the transactions of crypto in the first place.
Does this gives a free hand to scammers as they know that they cannot be punished by a court of law
But how the giant exchanges with intensive KYC procedure for verification still missing the scammers and the platform can give complete information about the scammer if you take it to legal and authority seeks for them.