Quote from: Slow death on April 23, 2024, 11:08:24 PM

In the past it was much easier for scammers to create scam exchanges, in the past it was easier for exchanges to have fake volume. In the past it was easier for scammers to create ICOs, in the past it was easier for people to create tokens with fake teams, in the past it was easier for people to create meaningless altcoins like Jesus Coin and scam other people with religious coins. But thanks to governments starting to pay more attention to this market, scammers have a greater chance of being punished today. Even though I don't like kyc, I still think it's a good measure, I think it's also a good measure that governments are taking when they require exchanges to comply with laws. This is a market that moves a lot of money, so it would be difficult for governments to ignore

Bitcoin is a long years of work achieved and being put to work. In previous years as you stated there were no KYC, enabling more scammers and rug pulls occuring in the market. In the few moments I've looked into this broad space of monetary investment I noticed the purpose of government's involvement in the market is to safeguard citizen's money and help investors stay clear from infamy scammers. But, the government's hands on cryptocurrency doesn't make many changes in reducing scam projects.

On telegram lots of projects are not feasible, but made up to eat up investor's money. Please, how do you think they'll get punished on platforms like telegram? If the government's hand in crypto is stable and strong. I think more people will get interested in the cryptocurrency market. Thereby, skyrocketing the rate at which illicit players will operate, unless the government also finds a means of regulating platforms like telegram and discord. Where I have seen multiple complaints from users regarding cryptocurrency scam.