Director of the American Bureau for the protection of consumers of financial services Andrew Smith believes that in 2018, the crooks can steal billions of dollars from users of the cryptocurrency, according to CoinDesk.
So, according to the Federal trade Commission, for the first two months of 2018, captainvalor lost about $532 million, Smith admits that by the end of the year consumers will miss more than $3 billion.
According to the Director of the securities Department of the state of Texas Joe’s Rotunda, the main causes of loss — inattention, gullibility and carelessness. Rotunda says that users too often believe the suggestions that “too good to be true”.
According to experts, the regulators should take a more active role in any new market, and digital currency is especially important. In other words, the task of regulators to quickly identify and prevent fraudulent scheme.
For his part, the head of research at Coin Center, Peter van Valkenburg says:
I believe that no one should ever invest in cryptocurrency more than willing to lose if he actually wants to participate in this. It must be repeated again and again.
According to him, investors should understand why they need certain coins. They need to learn to distinguish “technological nonsense” from the real innovation.
See also: How to distinguish scams from honest ICO: Five surefire ways