In our place a networking scam had been introduce aiming to help individuals to earn profit using cryptocurrency (ethereum and bitcoin). Their activities is to introduce cryptocurrency, their products, and how to access their products using cryptocurrency. They have basic products that could really be helpful like paying bills.
The problem is that one may need to invest first with certain amount then invite also others to earn high commission rate profit from the invites. This is purely the way of a networking scam. I cannot name the networking scam but it has been reported already to proper authority. Still, no legal actions has been made instead the agency had only provided public announcement about the netwroking scam.
Cryptocurrency had made lots of issues because of these abusers to which it will take negative impact to this technology. Sadly scammers had evolve and cryptocurrency were being target as medium of scam.
What can you say of the integration of cryptocurrency to scam activities? What could also happen to cryptocurrency in the future? Will it became worst?
See there is one thing that everyone needs to know about cryptocurrencies like Bitcoins :
Only 10% of the Bitcoins are used in illegal activities.
This do mean that what you said about cryptocurrencies being the problem here , it's not cryptocurrencies it's the people since cash is used more in money laundering and stuff as compared to cryptocurrencies + at the same time the government is making it harder for people to follow up using cryptocurrencies. KYC and using all the personal information is actually something that the government is using to parse your personal information therefore eventually if you do attempt to do anything you will be caught since
cryptocurrencies are actually very transparent !! , so these scammers should know better.
It have not actually created any issues for sure.
I do think that networking problem and scams are as likely to occur using your bank account and stuff , I do believe that I heard that someone was asked to transfer like 3000$ in BTC using BTC ATM to someone and the problem is people need to educate themselves about all these situations , if it's too good to be true it's definitely fishy .
All we need is good education regarding the scams other than that I don't think blaming cryptocurrencies is any good.