We all know how easy it is for a scammer to pass KYC using fake documentation as there were a lot of such cases reported in the mainstream newspaper earlier this year. Until regulation comes into effect I think it is better to use direct exchange transactions and this is why I created this topic to find out how many of us have trust in the listed P2P exchanges.
I wouldn't say easier but its not impossible either because exchanges added liveness test which is video selfie verification along with ID submission so its not that easy to get verified like years back in most of the exchanges but scammers always finds a way to bypass it or the easy way is to buy the hacked exchange accounts from dark net for a hundred dollar then they can make 1000 before the account gets reported.
Indian scammers are known globally for their jugad. They can achieve things that other scammers would not dare to try. Heard a few hour back that in the India Blockchain week confrence that is being held in Bangalor,e one of our MP named Jayant Sinha has said it will take another 18 months for crypto regulation.
Which means the bill will be passed after the central election. I am assuming it would be in 2025 that we will see proper regulations around crypto in India.