£27 Million Lost to Forex and Cryptocurrency Scams, British Regulatory Agency Cries Out

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gurumaster
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Posts: 159
Joined: Wed May 22, 2019 12:37 pm

Fri Jun 21, 2019 2:20 pm

With this ruling, the court has sided with the tax authority, thus cementing the definition of what a currency is, according to the central bank.
gurumaster wrote:
Sat May 25, 2019 4:50 pm
The British regulatory agency is coming up with a new initiative aimed at combating fraud on social media – it is called ScamSmart.
The Financial Conduct Authority has raised an alarm that the sum of £27 million has been lost to the activities of scammers on foreign exchange and cryptocurrency platforms. This hefty loss was for the 2018/2019 fiscal year alone. The government regulator also revealed that a total of 1,834 scam alerts were sent in last year. That was a shocking 400% rise in the spate of scams compared with the previous fiscal year.
wonai
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Posts: 122
Joined: Thu May 23, 2019 5:48 am

Sun Jun 30, 2019 10:46 pm

Bitcoin is an emerging market of new customers who are searching for ways to spend their bitcoins.
gurumaster wrote:
Sat May 25, 2019 4:50 pm
The British regulatory agency is coming up with a new initiative aimed at combating fraud on social media – it is called ScamSmart.
The Financial Conduct Authority has raised an alarm that the sum of £27 million has been lost to the activities of scammers on foreign exchange and cryptocurrency platforms. This hefty loss was for the 2018/2019 fiscal year alone. The government regulator also revealed that a total of 1,834 scam alerts were sent in last year. That was a shocking 400% rise in the spate of scams compared with the previous fiscal year.
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