Cryptocurrency: Definition | Legitimacy | Types of Cryptocurrency Fraud | Legal Remedies | Precautions
According to research by Crypto Head, in the United States of America, in 2016 340 crimes involving cryptocurrencies were reported and in 2020 crimes involving cryptocurrencies reached a figure of 82,135 which is 24,000% increase in reported crimes. Similar conditions are in the United Kingdom which in 2016 reported 0 crimes involving cryptocurrencies but till 2020 there had been 8,801 crimes involving cryptocurrencies. Australia also reported 9,689 crimes involving cryptocurrencies till 2020. Sadly, India is not far behind in crimes involving cryptocurrencies. As per research of the Coin Telegraph, between 2017 and 2019, Indian investors lost nearly $500 million in...
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