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Assalamualaikum!

Hello sir how are you all Hope you all are well. And you people will have a good day. My day is also going well. Thank God.

What are Crypto scams?

The scams means I will explain to you in my own language what it means to show a currency that is not present in any exchange and to show it to the people by saying that if you pay ten dollars, you will get 20 dollars or 30 dollars in return. This was an example. This will show you that you will get double the amount of dollars you put into it. So it is called greed scams to rob people. A scams is called robbing people with a counterfeit currency and looting their dollars etc. and fooling them.

Make your research on any Cryptocurrency scam. (Attach a few references to the news surrounding that scam crypto project)

Corrupt scams can exist in a variety of forms: in the form of a web, in the form of a social media platform, in the form of an online business, or in the form of an application.

This website lures people to double profits so that you will get double profits in return for whatever dollars or crypto you put in it. And when people put their dollars or crypto in it, instead of returning, they ask you to add more dollars or Crypto. Then you will get the return profit. But when people put it away, they get nothing in return, and so they fool the people and rob them.

Scams message

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Scams transaction

Many scheme applications show scheme transactions to show that we have returned double profits to the people. So you also get double profit by putting your dollar or tax lease in it. And so these schemes fool the people by showing the transaction and rob them.

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If you see a message on social media platforms such as Instagram, Tiktok, Facebook or Email that tells you to pay with your cryptocurrency, please avoid it. There is deception. There is a scams. And avoid their deception and keep your assets safe.

To what extent have Crypto scams affected the Crypto space?

The Crypto space has suffered a lot due to the Crypto scams. When a new user steps into this field. Let's step into the leash. When he invests his hard-earned dollars or his accumulated capital in it, he steals all his dollars and corruption by giving him the lure of a double hypocrite through a Crypto lease scams. So his heart rises from the Crypto and he begins to misunderstand that there is too much looting in it. He says goodbye to the Crypto forever, which causes a lot of damage to the Crypto space.

Due to the crypto scams, the crypto space was banned and outlawed in many countries and in many countries it was banned, which would reduce the value of the crypto and cause significant damage to the crypto. Pakistan, Turkey, Bangladesh, India and the largest country, China, were all banned and outlawed.Which caused a lot of damage to the crypto space

Will regulations in Crypto add value to the Crypto space?

Yes the value of Crypto currency can be substantially increased through regulations. If we regulate cryptocurrency, it will significantly increase the value of cryptocurrency. Banning corrupt currency is not the answer, but it should be regulated and focused on improving it.

In addition, I would like to point out that if a Crypto scam gains access to our Crypto space, it is our own fault that we provide access to the Crypto scam ourselves. We fall into the lure of double profits or any other lure in these scams applications and when our Crypto and dollars are stolen, we blame it on the lease that the Crypto is wrong. So be safe from these scam applications and don't be tempted by them and don't trade in any one currency but trade in different currencies. It is very beneficial.