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Topic
Board Exchanges
Re: Are chances of fraud very high on Binance P2P transactions ?
by
taufik123
on 22/10/2023, 13:29:53 UTC
Well the thing is there was blanket ban on cryptocurrency trading back then, banks were ordered by central bank to not do business with crypto individuals. Hence, people were forced to use p2p, now things have gotten somewhat better as ban has been lifted and people can trade normally, somewhat cause now there is 30% tax on crypto earnings, lol.
Prohibition is the bottleneck of everything, when crypto is not supported then it's the user's problem entirely.
But when it starts to be accepted again but with a crazy tax rule of 30%, it's just like robbing crypto users,
to hell with the fucking tax that the government gives like that.
They are just like loan sharks who just want to blackmail crypto users.

Obviously, no one's going to bother hacking an account for just $100. Hackers usually go after big sums of money that they can launder through exchanges.
-snip-
I'm not talking about hacking your account, I'm talking about P2P scams that scammers can do.
Who would hack an account with a balance under $100.
The authorities will only prosecute cases with fraud amounts of thousands or even hundreds of dollars.