[2016-10-07] Virtual Currencies and Ponzi Schemes in Vietnam

[hendra147]

Virtual currency trading is a lucrative activity, which comes with its own risks. If not chosen properly, the trading and investment platforms themselves may pose a much greater risk than the volatility associated with cryptocurrencies.

The increasing number of virtual currency based Ponzi schemes that promise huge returns have got law enforcement agencies concerned. These schemes are prevalent across the globe, attracting millions of dollars in investment. The Ministry of Public Security in Vietnam has warned people about the risks of trading and investing virtual currencies.

http://www.newsbtc.com/2016/10/07/virtual-currencies-ponzi-schemes-vietnam/

[1714748735]

1714748735

[1714748735]

1714748735

[1714748735]

1714748735

[btcjoin14]

Yeah, nothing new. Most of the scams here don't come from Nigeria or USA as some tend to think. Most of them come from Asia.

I kind of feel sorry for the Police Officers because they must be really busy.

[Dinki]

Well everything in life is a risk and we should not be afraid of taking calculated risks and simply hope for the best.

[European Central Bank]

Well everything in life is a risk and we should not be afraid of taking calculated risks and simply hope for the best.

so you'd willingly go into a Ponzi scheme knowing what it was? that's an interesting approach.

crypto is a perfect fit for fraud and it's only gonna get worse. I hate to think how creative people are gonna get when it gets big. it's only just begun.