Quote from: Zoomic on October 26, 2023, 10:12:25 PM

Quote from: UmerIdrees on June 02, 2023, 03:48:31 PM

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.

I have to discuss this in three scenarios.
Scenario 1
Your country did not legalize bitcoin and has also laws to punish bitcoin users. This is just like your own country. In this scenario, the scammers have free hands to operate and it is assumed only those breaking the law by using bitcoin would be scammed.

Scenario 2
Your country doesn't legalize cryptocurrency and at the same time does have anything against the citizens using the cryptocurrency.
In this case, the scammers would be tried as in the normal case of scam.

Scenario 3
Your country making bitcoin a legal tender. In this case, the scammers should be in a mess if caught.

Quote from: UmerIdrees on June 02, 2023, 03:48:31 PM

Does this gives a free hand to scammers as they know that they cannot be punished by a court of law Huh

Yes, if it is scenario 1.

Unfortunately, scammers are very difficult to catch because they do not violate the laws of the countries in which they live. And what they do in other countries is very difficult to prove, but for the victim in all cases, getting the stolen money back will be a big problem. Because when the fraudster is caught, this money will be spent.