Quote from: Hamada1983 on February 01, 2024, 04:10:58 PM

I was searching on Google about crypto scam and uk companies house and I read that the uk company house does not verify the address and identity of the person. And that allows scammers to register the company as little as 12 pounds and most of the scammers are operating from abroad. I learned it is different from registration with regulators because in order for company to be regulated and get the license it can be costly. I was victim of scam over a year ago with crypto trading and I thought business registration was enough for the company to be legitimate.

I believe scammers can easily register and incorporate a company eg uk companies house because it does not regulate markets and it costs very little so they don’t get caught. Also scammers registers the company to make it look credible and to scam victim. I think government should take action to verify identity and address when someone want to register a company.

Lesson learned.

Or sometimes they will just used a registered name based on UK or US and so when you check it, you will think that it's a legitimate company and others might fall for the trick. But if the offer is too good to be true, then chances are this are scammers.

That's why we really need our common sense here, we don't need to be greedy if we see those returns that you should get. Those x amount of returns are just one method for this scammers to lure their victims and so we should be very careful with it. Don't blindly invest specially with huge money in crypto. There's no such time as big or easy returns. Most of the time and in many day-to-day situation, common sense serves as a practical and reliable guide for making reasonable decisions specially in the world that we live in, - Cryptocurrency.