crypto currency trading fraud
1 month ago
How to take an action against crypto currency trading fraud
A.Dear Client,
Incidentally, cryptocurrency/asset trading is neither illegal nor it is regulated by any specific legislation yet in India. The National Cyber Crime Reporting Portal(NCCRP) is an initiative of the Government of India to facilitate victims/complainants to report cybercrime including cryptocurrency scams or complaints online. However, when one is a victim of scams and frauds while trading in cryptocurrency, is advised that when any suspicious activity is detected in a trader’s exchange wallet, they should contact the customer service of that exchange, and raise their concern with the representatives as a precautionary measure to seek justice in India. So, once a cyber crime involving cryptocurrency trading is reported online to NCCRP, on the instruction of Cyber Crime Cell, the victim's Bank account is frozen/inoperative putting a lien on the account by the Bank and you have to wait for the completion of the investigation of the scam by the investigating agency. The length of time it takes to investigate a cybercrime can vary greatly depending on the complexity of the case, the resources available to the investigating agency, and the cooperation of the victim. you may visit the cyber crime cell of the Police for further clarifications and necessary guidance in the matter and extend your cooperation to get yourself free from cyber scams. Any earnings or gains arising out of fraudulent transactions shall cause you to face legal consequences if proven on investigation of the scam. You may also consult with a cyber crime expert for further guidance and suitable steps.
Incidentally, cryptocurrency/asset trading is neither illegal nor it is regulated by any specific legislation yet in India. The National Cyber Crime Reporting Portal(NCCRP) is an initiative of the Government of India to facilitate victims/complainants to report cybercrime including cryptocurrency scams or complaints online. However, when one is a victim of scams and frauds while trading in cryptocurrency, is advised that when any suspicious activity is detected in a trader’s exchange wallet, they should contact the customer service of that exchange, and raise their concern with the representatives as a precautionary measure to seek justice in India. So, once a cyber crime involving cryptocurrency trading is reported online to NCCRP, on the instruction of Cyber Crime Cell, the victim's Bank account is frozen/inoperative putting a lien on the account by the Bank and you have to wait for the completion of the investigation of the scam by the investigating agency. The length of time it takes to investigate a cybercrime can vary greatly depending on the complexity of the case, the resources available to the investigating agency, and the cooperation of the victim. you may visit the cyber crime cell of the Police for further clarifications and necessary guidance in the matter and extend your cooperation to get yourself free from cyber scams. Any earnings or gains arising out of fraudulent transactions shall cause you to face legal consequences if proven on investigation of the scam. You may also consult with a cyber crime expert for further guidance and suitable steps.
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A.Dear client, you can file a complaint to RBI and SEBI. You can also file a cybercrime complaints online through the National Cyber Crime Reporting Portal.
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A.Dear Sir,
You may lodge complaint with Police and rest will be done by the concerned Police provided you bring some influence from higher police officers.
You may lodge complaint with Police and rest will be done by the concerned Police provided you bring some influence from higher police officers.
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