2 years ago
The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to assistance residents “spot and debar crypto scams.” The regulator stated: “As reports of caller crypto scams emerge, the DFPI volition continually update this tracker to promptly alert and support the public.”
California Regulator’s Crypto Scam Tracker
The Department of Financial Protection and Innovation (DFPI) of the U.S. authorities of California announced past week the motorboat of its Crypto Scam Tracker to assistance radical successful the authorities “spot and debar crypto scams.” The fiscal regulator described:
The tracker details evident crypto scams identified done a reappraisal of complaints submitted by the nationalist and allows California consumers and investors to bash their ain probe and forestall harm to themselves and others.
The Californian regulator’s crypto scam tracker is simply a database — searchable by institution name, scam type, oregon keywords — for consumers to larn much astir crypto-specific complaints the DFPI has received. Each year, the DFPI receives thousands of user and capitalist complaints; the tracker’s contented is based connected accusation reported by members of the nationalist to the DFPI. The regulator clarified that it “has not verified the losses reported by complainants.”
There is besides an accompanying glossary that “aims to assistance consumers amended recognize communal scams,” the authorities regulator continued. “As reports of caller crypto scams emerge, the DFPI volition continually update this tracker to promptly alert and support the public.”
DFPI Commissioner Clothilde Hewlett commented: “Scammers are successful the shadows utilizing the public’s involvement successful crypto assets to instrumentality vantage of the astir susceptible Californians.” The commissioner added:
Through the caller crypto scam tracker, combined with rigorous enforcement efforts, the DFPI is committed to shining a airy connected these ruthless predators and protecting consumers and investors.
There are already immoderate well-known crypto scam trackers to assistance investors debar crypto-related scams, including Bitcoin Abuse and Scam Alert. Last week, blockchain information analytics steadfast Chainalysis published a study showing that crypto scam gross dropped 46% successful 2022 to $5.9 cardinal from $10.9 cardinal the twelvemonth prior.
What bash you deliberation astir the crypto scam tracker launched by the California authorities regulator? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.
English (US) 