Bitcoin-Scam: Singapore struggling with fraud

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Anyone who uses the Internet in one way or another will be aware of such announcements or advertising placements. Although the buzz of "guaranteed profit" should ring the alarm, Singapore authorities are seeing an increase in Bitcoin-related Internet fraud.

Celebrities advertise with high profits

Accordingly, local media reports that investors in Singapore have lost a total of $ 78,000 in recent months. The scam which she victimized was tailored directly to residents in Singapore. To this end, the initiators of the Bitcoin scam have placed ads on which local celebrities have lured with guaranteed profits when investing in Bitcoin. Apparently trustworthy celebrities advertise in the ads that investing in Bitcoin is a lucrative investment opportunity with no risks.

Naïve investors would be asked to provide their personal details in order to be assigned a personal "caregiver" immediately thereafter. This then do persuasion, until the cheated investors sent their money in the crypto-nirvana.

Authorities warn against fraud scheme

Now, the city's financial regulator warns against such fraud schemes. The Monetary Authority of Singapore argues that investments in cryptocurrencies, especially if they are cross-border, can not be monitored by the Singapore authorities.

Singapore is working on legal framework for asset tokenization

Singapore is currently working on a platform for token-based securities. In cooperation with Nasdaq, Deloitte and Anquan, the Exchange Supervisory Authority wants to create an opportunity to provide a legal framework for the tokenization of assets.


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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO , and should not be attributed to, CriptomonedaseICO .

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