Rupees Vs Crypto Scams

This is the start of the scam because all crypto is bought in US dollars, and it's sold in US dollars. Thus, there are two currency transactions plus 30% tax on any profit.

Sure, it's a growing trend because it is possible to make 150,000% gains, but it's easier to make a 100% loss.

There are no governance regulators, and there are no regulations within. There are human data entry errors, where the wrong account is paid.

Crypto is the perfect breeding ground for fraud because there is no regulatory body. Anyone can be scammed, and there are no financial safety nets or compliance to adhere to.

The police have no power, and the government is only interested in tax on profits if you are lucky.

The scammers in Crypto know they are untouchable by any laws.

Understand that any MLM or any Ponzi scheme using rupees in Crypto is immediately turned into US dollars, and the promise of rupees as payment is just a con. Your money has already been taken and is untraceable.

These crypto scammers are ruthless. They have no scruples, no heart, soul, or morality. They have no religion or thought for the community.

Their entire focus is to separate you from your money, then use delay tacticts to extract more money from you if they can. Every rupee you gave is gone, and these people vanish, and you have no legal protection.

I hope you don't engage with these people. If it sounds too good to be true, it probably is.

Please warn your friends and live in the knowledge that you now know the first action of the scammer. Crypto can only be bought in US dollars, not rupees. As soon as you hear this. You automatically know it's a scam. Please stay safe and away from these crooks.