Asalam o alaikum

Greetings from your beloved brother shehzad gull khan and hope you all will be fine and good and happy in your sweet life. Today I will try to answer of Steemit crypto-academy.

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What are crypto scams?

Scams means to copy the work or any coin of some one else. And show everyone that it’s his own and real. And earn money from innocent people’s it’s called scams. I will try to to explain you more that any currency which has no any value and a currency dose not existed and some one show you that it is real currency and take advantage from new users and get benefits is totally scam. That is called crypto scams.

Make your research on any cryptocurrency scam. {Attach a few references to the news surrounding that scam crypto project}

Crypto scams are of many types. They can be in the form of applications. And can be the types or any websites. It can be the types of any crypto business from there thay can scams with you. It’s can be the type of social media’s etc.. Many people gave greed in from many websites to become in there websites and investe money to earn money. But thy are scammer. They give us to many types of greed and sad if you will put 100 dollars and you will earn 500 dollars in 1 or 2 weeks. They are totally scammers give us to many reasons and shorty that they will help us in every work and give much more money to join or open that websites And for using there currencies. When people become greedy from there agreements and invest dollars they run away. People are left hand in hand, their hands are nothing but remorse.It is very simple example in frunt of you some days ago the message all of you seen that was scam. They said to click on button and you will get 200 steems in your wallets. When to click on that they ask you the key or your wallet or private key and owner key. Some people becomes in there greeds and gave them that keys and there accounts be hacked. You can see in these screenshots

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Scam Applications

There are too many apps which scams with many peoples. They show them some transactions which are totally scam. In that case they said that give us some little amount or dollars and we will give you back much more money and dollars. And when you give them dollars or any other type of currency the applications are expired and people lost money. Let see in the screenshots. And now I want to show you some screenshots of that scams in which they show you some duplicates transactions which are totally wrong and scam. They just try to get your attention on there apps .

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Social media scams

Facebook, Instagram, Twitter, WhatsApp , email or any other type of social media which you are using in your mobile or laptops and the massage came that we will give you money in the type or any crypto currency they are totally scams.

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To what extent have Crypto scams affected the Crypto space?

To many countries have now banned crypto currency. Just because of these fake peoples mean scammers. It has hit the crypto space very badly. Just you can take the example from chaina they had banned cryptocurrency of every type in there country. Just because of these scams and fake peoples. And majority of countries are trying to banned these any also started banning these currencies. In case they have effected the cryptocurrency and almost currencies have been down there value and there rates are mostly down. This fake cryptocurrency mostly effort the real cryptocurrency. It’s make much more misunderstandings in new users they did not properly understood difference between real and fake cryptocurrency. Because they don’t have same to same information and researched about these fake peoples. These corrupt people take advantage from innocent people and take dollars by putting in fake methods. These fake pictures also case a lot of damage to the cryptocurrency. When new users come in this field’s very first time and they faced with these scammers. Wrong question build in there mind about cryptocurrency. They run away from cryptocurrency and told other peoples that these all are fake. We have to be careful from these fake peoples those who are doing huge scams.

Will regulations in Crypto add value to the Crypto space?

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We have sport each other and informed everyone those who are new in these platforms or old who has no idea about these scams. They will face too much loss just because of these fake peoples you can say scammers. And crypto currency have to regulate because of our money which is flying in air. Because our currency is invested in billions. I think so the there should be aloud rules and regulations in crypto currency. There should be serious punishments and some solutions should be find out. For these scams because to many innocent peoples are losing there money because of these fake peoples. There should be strong punishments in case of these scams. If crypto currency’s is registered it is our benefit and crypto currency also. Because there value will b increased in front of people. Much more peoples will take part in this. And it’s to good for crypto currency’s. and now at the last of my post I would like to say that all of you peoples those who are using crypto currency’s be careful about that and stay safe from these scams.

Respected

@yohan2on
@Yousafharoonkhan