Crypto scams Asia: In less than 24 hours, the governments of China and South Korea have dismantled two organized groups that were in charge of promoting pyramid schemes by using cryptocurrency investments as a background. This decision seems to further reinforce the firm position of both governments in the fight against the criminal use of blockchain technologies.
In recent months, with the rise in popularity of cryptocurrencies, scams, and pyramid schemes have increased notably in Asia, where the market has seen an even higher adoption rate than in the rest of the world.
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