The news raises many doubts in my mind. The only winners are the scammers who received $15,000 worth of bitcoins.
Where do you get that from? I didn't see it in the news. Alleged scammers told her that to avoid a fraud she had to withdraw $15,000 and deposit them in a Bitcoin ATM. But those ATMs deposit it in an address generated by the ATM, as far as I know, they do not allow you to send it to another address, which would be the one of the scammers, and I do not see anything in the news that speaks of sending those bitcoins to another address. I did not know that after the purchase you can not send bitcoins. https://www.journal-news.com/news/bitcoin-scam-costs-local-woman-30k/W6RLXCPOR5FWHPZNB6RHTRD7EE/Another case where scammers got bitcoins "The Journal-News spoke with a customer service representative at Bitcoin Depot who said there’s no way to trace where the purchased Bitcoin went. Though the representative had no knowledge of this exact case, she said the only action the company can take in cases of fraud is to deactivate the victim’s account and flag the digital wallet of the recipient to make sure no more Bitcoin can be transferred to that wallet. They can, however, return the ATM fee to the victim." |
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It is impossible to work under the old law in the US, because all the old cryptocurrency projects can be called stocks. Only bitcoin can be called a commodity. There are other coins like litecoin and dogecoin, but this is not so important now. Therefore, all major crypto projects in the US are at great risk.
What about bitcoin forks? What about Dash that was closely related to bitcoin. I have not written a complete list. Dash is also a good coin and not a stock. ____ https://www.reuters.com/legal/us-supreme-court-rules-favor-coinbase-arbitration-dispute-2023-06-23/" The U.S. Supreme Court on Friday backed cryptocurrency exchange Coinbase Global Inc's (COIN.O) bid to halt customer lawsuits while it pursues appeals aimed at moving the disputes out of courts and into private arbitration, which businesses often prefer over litigation." |
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Is of no doubt the market has already turned green and ETH surpasses 1.9k, though I was having this feeling to enter the market now that we have full confidence that we are no longer going dip. But I am a bit confused if this could be a bear trap, what do you think of the market is there any good analyst to give accurate results on what would happen next or to know if this is a bear trap.
No one knows the future, and it is not clear how long the lawlessness of the SEC in the United States will continue. There is an opinion that after the US presidential election the situation will improve, but it depends on the candidate who wins. There are many projects, many fundamental projects are cheap, and it is not a mistake to buy them for investments for 1-3 years. |
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У Бинанса жарко на всех фронтах и компания скорее всего лишится рынков двух Америк и Европы.Если они не планируют раздавать токены, то криптаны пойдут в другие Л2 эфириума за эйдропом.
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I am able to unfreeze 3 bank accounts usual way contact lawyer negotiate with police pay something Police also well aware we are not involved in any activity in fact few cases they are also part of the scam Its a big business going on in India right now. Hope any one file some PIL some case filed in kerala High court and I am following it with lawyer https://www.livelaw.in/high-court/all-high-courts/kerala-high-court-unilateral-freezing-bank-accounts-nccrp-portal-complaints-cyber-crime-2268863 more cases pending 2 of them reached final stage of negotiation have to approach some top officer in ladder believe its much bigger than we thought . They ae freezing 60-70 accounts in a single complaint and most of them are innocents CRPC 102 given them power and they misuse . Any one ready to file PIL I am ready to be part of it I could not read the entire article, because it is paid, but all banks work according to the same laws. If the police demand to block an account because a crime has occurred, then this is legal. Banks can block accounts even without statements from the police, but only because you have a lot of P2P transfers and your activity looks like a commercial one. I am sure that in your agreement with the bank it is written that you cannot carry out business activities on the account of an individual. And in some European banks, before concluding an agreement, you sign a document that you will not carry out transactions with cryptocurrencies. The only way to trade is to become a qualified investor, obtain the necessary permits and register as an entrepreneur with a bank. An example with trading on a P2P site, and then paying income tax from an individual at the end of the year next year will not be legal and there will always be problems. |
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According to Snowden, such backdoors existed more than 10 years ago. And changing the cryptocurrency control software on the phone of any user is not difficult.
People often neglect security for the sake of convenience. Phone and exchanges are convenient, so they store their cryptocurrencies there.
Yeah, that's the unfortunate thing. Most people value convenience more than security until something terrible happened to them. Some companies also don't help at all by releasing products that value convenience more than security. I wonder how they will use that kind of backdoors openly. If tax collection is their purpose, maybe they will use this backdoor to spy and then send notices instead of stealing them directly. The mobile phone is very bad because it is very easy to understand who is using it. The front camera takes a photo before the call. A computer with Linux or a properly configured Windows is more secure, and it is more difficult to understand who is using it. |
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The story happened in Morocco. The buyer probably took advantage of the fact that the young french seller was unaware of the regulations to file a complaint after the btc dropped. Although at first she obviously accepted. Virtual currency transactions are strictly forbidden in Morocco, and officially constitute a breach of the country's foreign exchange regulations. Morocco's foreign exchange regulations clearly stipulate that resident Moroccans may only have foreign accounts under certain conditions (i.e., being an exporter of goods or services). Any breach of these rules is punishable by 5 years' imprisonment and a fine of between 500 and 20,000 dirhams. The key here is knowing the laws and understanding the risks. And what are the risks when buying real estate for bitcoins in France? Will you be sued if the price of bitcoin falls? The price of bitcoin can fall by 10 percent or more per day and can rise. But won't you have to go to court after that and prove that your transaction was legal? |
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На бычке стреляют даже те криптовалюты, в которых нет фундаментала. Polkadot хоть и долго строящийся проект, но имеет очень сильную команду. На самом деле медвежий рынок хорошее время для разработки, полагаю команда сейчас как раз этим и занимается. Поэтому даже если монета опустилась ниже точки входа, главное уметь дождаться следующего цикла. Постарайтесь просто забыть о своих инвестициях минимум на год, а то и полтора.
Тоже говорю о том что в экосистеме полькадот много разработок. Астар выкатил обновление 2.0 для улучшения взаимодействия между экосистемами эфириума и ДОТа. После кидалова от японских братишек на аукционе кусамы нет никакого доверия к астар... Да и вообще на кусаму все резко забили, а на полке что-то пилят, или делают вид что пилят... Говоря про еос, я говорил образно... Можно назвать другие проекты... Нем, хлм, нео... Все они были перспективными... Да сплыли...  Я уверен что дот уже на пути к такому же исходу... Кусама изначально планировалась как тестовая сеть, что проверять работоспособность и тестировать новые возможности. В сообществе Кусамы много много грамотных программистов и сообщество будет развиваться. Я думаю что ДОТ и Космос будут работать, в отличие от того, что было названо. У новых проектов децентрализацией не пахнет и близко, лучше эфириум использовать. А какое значение нынче имеет децентрализация? Для кого сейчас вообще этот термин интересен? Сказки для новых уверовавших в Гевина Вуда? Да у полки до сих пор нет нормального приложения-кошелька... Полкадот.жс это просто пиздец, простити, который постоянно отваливается и некорректно работает... В самой сети толком ничего не принесли эти новые и очень нужные и важные парачейны... В один момент развитие просто остановится и будут тебе те же самые еосы, немы, шмемы и нео... У альтов одна и та же судьба, а убийцей эфира пока что никто так и не стал... А что должно иметь значение? Мой портфель диверсифицирован, ДОТ не самый плохой актив в нем.polkadot.js работает не хуже метамаска, но аппаратный кошелек приходится подключать заново иногда. Дот на многих аппаратиках есть, для хранения хватит. Попробуй SubWallet, похож на матамаск по интерфейсу. с аппаратниками совместим. |
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I wonder how the FBI or exchange users got themselves to these unknown exchanges ,because I expected this to be with larger exchanges were liquidity is not a problem and they have a larger userbase...besides you can't hide behind a small exchange because all users are unique and they know the traits of each user and a person can easily be spotted! Btw wonder why these guys didn't simply use a mixer or something if they have the skills to do their illegally sh*t, guess not so smart after all  i'm sure they are all owned by one person, or a group of people all hosted on same server/account/dc. The FBI is doing a good job and this will help limit these kind of exchanges where stolen funds are used to exchange for other things. This will limit there expansion even the culprits behind the exchange would want to create another exchange to continue there business. This is not the first time this is happening, I have seen similar sites that was shot down by the security for some offense similar to this one. We hope to see the continuous fight against fraudsters and illegal exchanges. We can commend them, but they barely scratch the surface here in my opinion. There could still be hundreds of fly by night crypto exchanges around just being used by criminals or in the long run, going to scam their customers. We've seen this in the past and this is going to be a cat and mouse game. And definitely FBI are not going out full force if there is no American involved or at least this criminals are not operating inside the US, hence they might know this exchange for a long time and only makes a moved recently. Mixer services, exchange, cashing is a very big business in Russia, Ukraine, Kazakhstan and other countries. Closing sites won't help here. A lot of people are ready to be drops for a small salary and there is no criminal liability for this. If in Europe and the USA it is difficult to cash out criminal money, then in these countries it is easy. All contacts are on the darknet forums, and sites are quickly restored. Yes, and if we can add, this criminals are the one putting all this fly by night crypto exchanges in countries like you mentioned, specially Russia and Ukraine which to me this is a business already. And as we all know that there are a lot of hackers too in that country and we have seen a lot of black hat community either in clearnet or TOR propagating this one or even offered services to create exchanges for this purposes. And it's very easy for them to register and get a domain name. So again, this is a big task ahead for US government, Interpol. And it will take the government intervention as well to cooperate and take down this crypto exchanges. In Russia, about 10 known sites for fraud and similar services are on the clearnet. These sites sometimes don't work because their owners do DOS attacks on each other. The police are good at dealing with the sale of weapons and explosives. Such announcements are usually from police agents. Do not try to buy weapons in Russia on such sites. It is more difficult to fight the rest, several others immediately come to the place of one fraudster. |
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He says tech giants could easily scan our devices to find and hand over private keys to authorities if they were ever ordered to do so."
Does such a backdoor exist already? People should not store their crypto saving on a device like a phone in the first place. According to Snowden, such backdoors existed more than 10 years ago. And changing the cryptocurrency control software on the phone of any user is not difficult. People often neglect security for the sake of convenience. Phone and exchanges are convenient, so they store their cryptocurrencies there. |
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https://www.coinspeaker.com/binance-us-legal-team-sec/Binance.US and Its Legal Team Allege SEC Issued Misleading Statements in Lawsuit "In a motion filed on June 21, Binance.US claimed the SEC has no evidence that the crypto exchange commingled users’ funds.If approved by the judge, the motion could prevent the SEC from making certain statements in public as Binance allege they would lead to market confusion. “The SEC’s press release also appears to be designed to introduce unwarranted confusion into the marketplace, which could have the effect of harming BAM customers rather than protecting them. It also risks tainting the jury pool with misleading descriptions of the evidence concerning the Defendants,” Binance noted."
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Does this gives a free hand to scammers as they know that they cannot be punished by a court of law  Unfortunately, yes. There are no checks and balances in place anywhere, so while legitimate users' accounts are being shut down by exchanges who proceed to keep the money, there are also individual scammers (the high-tech thieves) who steal from people for a living, and nobody from the crypto platforms to the social media apps to the countries are doing anything to quash it. I monitor the methods of fraud in my country. There are a lot of phone scams in which the scammer asks the victim to transfer money to another account. It can be a transfer of money to a drop account or a purchase of a cryptocurrency, but it is impossible to fight against this, because the money will be quickly cashed out. All banks have instructions on how not to become a victim of a scammer, but fools still believe phone scammers. |
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Thanks for sharing. But I don't quite understand their idea. "Other category" of what? Is it supposed to be another category of securities, or something other than securities/commodities? The latter would make much more sense, but now the question would be if it's not security nor commodity, would it be outside of SEC's jurisdiction? If so, would it require the creation of a separate regulatory body? Because I don't think this is likely to happen. And if SEC was to keep their authority over crypto despite them not being securities - then it's just handing them an extra powers, which is not something I am in favour of.
This is analogous to the "grain deal" in Ukraine. When large companies own something, they will force politicians to stay away from the assets and make an exception. The rest of the crypto shit is not interesting to them. Or maybe they will buy it cheaply and again there will be a pump of some coins. |
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And how do people in France solve problems if they cannot confirm the legality of buying cryptocurrency?
I heard that in countries like France, Germany there are very strict taxation and control over real estate purchases.
I think that there is less and less time left for the cryptocurrency to remain out of control.
That's the question: if the user has had btc for a long time and even earned them years ago by playing on sites that have disappeared or mined btc, if he bought them and no longer has the bank statements (perhaps he's even changed bank since then and there are no archives), it's not going to be easy, if only to declare the capital gains to the tax authorities. In any case, he'll only be able to recover modest sums in PtoP, otherwise the bank's red lights will be going off all over the place. It will not be easy anyway. It's totally impossible to buy any property with BTC in France. Proof of funds is not an issue, you wouldn't find a notary to make the sale. Was there last month, I'm thinking about buying a barn in Normandy, but I didn't even ask about BTC, it would have been a waste of time. It's complicated, but not impossible. As I explained earlier, you can use the "dation in payment". In addition, a real estate series on Netflix shows an investor who absolutely wants to pay in BTC; in the docu they don't explain anything, but we can say that as long as the State receives its share (in fiats), then it's possible. After that, it's silly: it's better to resell your btc, pay your flat tax and simplify everything for the notary. Dation en paiement: this is a method of settling a debt in which the debtor, with the creditor's agreement, hands over to the creditor something other than that initially stipulated in the contract. Everything you need to know about dation in payment : https://www.village-justice.com/articles/dation-paiement-comme-modalite-reglement-une-dette,38798.htmlAnd if your notary doesn't know about bitcoin, he does know about dation in payment. All that remains is to set the price of the property, and if the seller agrees to a fixed amount of btc at the time of the promise to purchase (even if it means having to put up with market fluctuations). Why complicate real estate transactions? If the cryptocurrency is not prohibited and you pay taxes, then you can sell the cryptocurrency and buy real estate, having coordinated all issues with the bank. If you do not declare income, then the bank or tax will be forced to do an audit. |
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It is very important for us to be very careful the way make run transactions in a country where cryptocurrency is illegal. One need to take extra ordinary consciousness to use many of these ex image for p2p trade and this is a way where we can find so many forms of scamming because the government would not take any responsibility if anyone ever report the case of being scam through P2P method.
This kind of scamming where the buy would send fake alert to the seller is very rampard and we all need to take consciousness when dealing with an unknown person online. I have seen many cases where the buyer was claiming that he had paid the fund and begging the seller to release the coin without seeing any fund. Theybhave so many methods they use and we need to be aware of those methods or else, we might fall for there scam.
I can't believe that in a large city with a population of more than a million people you will not find a place where you can change cryptocurrency. And if this is a tourist city, then there are definitely no problems with this. There are a lot of scammers, and you do not need to work with the first ad that you find in instant messengers. There are so many cryptocurrency plugs but one need to be careful how they transact business because they can easily end up in the wrong hands and get scammed. I am referring to place or region when cryptocurrency is never legally official yet and this can make investing in cryptocurrency projects to be very scary with extra ordinary consciousness. 8f we live in a region where cryptocurrency is not regulated, we might find it hard to run transaction even if we uses exchange. Since the government would never come in to help and prosecute the offender for his attempt to scam, this could make it difficult for the scammed victim to complain to the police so the culprit can to arrested and prosecuted by law. We all hope tha Bitcoin would be universally accepted which will reduce scam. There are countries where people trust the police, and the police protect the interests of the people. A good example, although controversial: https://bitcointalk.org/index.php?topic=5457086.0I live in a country where people don't trust the police and the police won't find scammers who will steal your cryptocurrency. In most cases, this cannot be done even in many countries. You refer to the law, but this law protects the interests of large companies in all countries. Not a single exchange has yet reimbursed a trader due to illegal blocking, because this cannot be proven and the trader himself agrees to this in the terms of use. |
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Thanks for your instructions & responding. I was sick for few days and didn't check the forum. I have now sent an email to Nodal officers on Monday.
I contacted her only because I couldn't get any other contact info to reach out to. Banks aren't sharing any info except the complaint number. I have lodged a complaint with the nodal officers for my banks per your instruction but no response yet. Will wait & See.
Is there any way to avoid these scams and still make some profit on P2P Trades? Everything I earn goes into loans, mostly from relatives, that my father took and lost in business. With P2P I had some real hope of clearing that debt in a year and actually save something. But now all hope is gone.
Pls suggest any way to avoid such bank freezes? I am thinking getting a merchant account of Paytm or PhonePe. Because I have observed from the statement shared by girl who transferred me that they seem to ignore merchant payments. The girl who paid me got 5K on 16th May. From 16th May to 17th May She made multiple transactions of 150 (grocery), 2500 (jewellery) & 25000 (other user). After that, she paid me 17K. Still, cops skipped all 3 accounts and blocked only mine. Maybe the cops will see that the payment happened to a merchant account, assume it's for some purchase and not freeze such accounts? Any help pls.
Only spot trading on Indian Exchanges is the safest legal way. They will deduct the necessary TDS on trades. Also, since funds come from their account, you don't need to worry. There is no safe way to deal with P2P. The biggest problem being you never know about the identity of the other person, and the second is the TDS deduction. On a side note, P2P is the worst way trying to clear your debt, as you may end up losing even more money. Crypto is high-risk and must not be taken for granted. It is safe to trade on the exchange when you work in accordance with the laws of the country and pay taxes. Exchanges very often block traders' accounts and request a lot of documents on the origin of funds and tax returns. If you are not ready for such consequences, and do not know how to act, then this is also dangerous. |
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And those who do not pay taxes, governments will confiscate cryptocurrencies. Although it looks impossible, many users store their coins in iPhones and laptops, which will transfer private keys. https://dailyhodl.com/2023/06/18/balaji-srinivasan-warns-apple-microsoft-or-google-could-help-government-seize-crypto-from-citizens/"In a new interview on the Impact Theory podcast, Balaji Srinivasan says that if G7 nations decide that digital asset seizure is allowed, then tech giants such as Apple, Microsoft and Google could lend them a hand. According to Srinivasan, a vocal Bitcoin (BTC) bull, countries may decide to seize digital assets in the future in an attempt to recover from economic turmoil. He says tech giants could easily scan our devices to find and hand over private keys to authorities if they were ever ordered to do so." |
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