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Law enforcement and judicial forces in Argentina, Chile, Colombia, Spain and other countries are leading the “FakeCoin” campaign to raise awareness about digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. scams.
A group of Latin American countries and the European Union have joined forces in a communication campaign to warn citizens about digital asset scams.
Referred to “ FakeCoins “ The campaign seeks to raise awareness about fraudulent operations with cryptocurrencies, providing resources to people so they can identify and keep away from this type of scams. According to The Observer The joint effort was presented during an event this week, which took place in Madrid and Santiago.
The campaign involves law enforcement and judicial authorities from Argentina, Bolivia, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, Paraguay, Peru and Uruguay, as well as Spain and Portugal in Europe. This is a coordinated effort between the European Union project PacCTO, an international cooperation program against organized crime, and the Police Network a network refers to all nodes in the operation of a blockchain at any given moment in time. against Cybercrime in Europe and Latin America.
???? Watch out for the #FakeCoins !
Cryptocurrencies are becoming more and more popular and this leads to the emergence of new crimes related to them.
¡Aprende a identificar las estafas❗
– Dominican Republic National Police (@PoliciaRD) March 31, 2022
According to EuroEFE The initiative is also part of a broader international cooperation effort that the Guardia Civil has launched with the help of the International Foundation for Ibero-American Administration and Public Policy (FIIAP), a Spanish cooperation agency that promotes exchanges with Latin American countries.
An effort between European and Latin American countries
The campaignF akeCoins offers a free online advice and reporting channel, including information on scams, tips on how to avoid falling for scams and country-specific hotlines. Specifically, thepágina web oficial currently warns about six types of cryptocurrency scams identified by law enforcement in the alliance countries.
Among them, they warn about scams that use fraudulent websites to steal user data; or also pyramid scams, which promise high yields or profits in cryptocurrencies to unsuspecting investors. The campaign has used attractive terms such as “ WebCoin “, “ AppCoin ” y “PiramiCoin“to identify the types of fraud.
The overall goal of the site is to raise awareness about the main scams detected in cryptocurrency trading, so that citizens can identify how they occur and what tricks fraudsters employ.
The initiative is aimed at citizens in general, as potential victims of this type of scams and, at the operational level, at the police and lawyers of the participating countries. In addition to training and prevention of this type of scams, another of the objectives is to serve as a registry for complaints. This will allow the authorities of the allied countries to have accurate information that will serve to know and take action against crimes related to cryptocurrencies that are carried out.
The Director General of the Investigative Police of Chile ( PDI ), Sergio Muñoz enfatizó que los objetivos de la campaña son “ to inform society about the most common cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. scams, to prevent them from becoming victims and, if they have been, to provide them with the channels to report them ”.
Raising Awareness of Crypto Scams
The efforts come at a time of increased adoption for digital currencies worldwide, a phenomenon that has also led to an increase in scams and fraud related to this sector. The director general of the Civil Guard Spain, María Gámez , pointed out the importance of alerting and shedding light on a booming digital medium, still largely unknown to the general population. She also stressed that the Guardia Civil, as well as the rest of the police in Latin America and the European Union, are aware of the need to act together when a common threat is detected.
According to the PDI, which is one of the entities coordinating the initiative, cryptocurrency-related crimes increased by 80% worldwide in 2021 over the previous year, reaching USD $14 billion defrauded.
In Spain, it is estimated that more than four million people have invested at least once in cryptocurrencies. Just this week, the deputy governor of the Bank of Spain, Margarita Delgado, said at an event that 12% of the country’s population currently owns cryptocurrencies. . She used the space to warn investors about the potential risks associated with the use of such assets.
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Article by Hannah Estefania Perez / DiarioBitcoin
Image from Unsplash edited in Canva