However, the financial expert believes the unregulated nature of cryptocurrency means it is an uphill battle for the authorities to stamp down on these criminals.
Mr Cannon explained: “In practical terms, they simply do not have the resources to cope from what I can see.
“They do a few high profile investigations because fraudsters know their chances of being effectively investigated are very low if they continue to operate.”
Craig Mullish, a Temporary Detective Chief Inspector from the City of London Police, called on crypto enthusiasts to become more aware of the risks posed by fake advertisements and phoney crypto deals.
if(typeof utag_data.ads.fb_pixel!==”undefined”&&utag_data.ads.fb_pixel==!0){!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);fbq(‘init’,’568781449942811′);fbq(‘track’,’PageView’)}
Source link