FTC holds a workshop on cryptocurrency scams in June

30 April 2018

A workshop on fraudulent schemes and scams practiced by con-artists in the cryptocurrency industry will be held by the Federal Trade Commission (FTC) this June. The event will attract various stakeholders across diverse spheres, including law enforcement, consumer protection groups and private business owners.

During the workshop titled “Decrypting Cryptocurrency Scams” the commission will be focused on figuring out how scammers take advantage of user interest in cryptocurrency trading, including Bitcoin and other coins, and discussing methods and measures to ensure better protection and education of the public.

According to the schedule of the FTC, the event will be held on June 25 in Chicago at DePaul University. The workshop will be freely accessible to the public and will start at 1 p.m. local time, and besides will be aired live on the website of the FTC.

In the official statement the FTC said: “Reported scams include deceptive investment and business opportunities, bait-and-switch schemes, and deceptively marketed mining machines. The FTC has continued its efforts to educate consumers about cryptocurrencies and hold fraudsters accountable.”

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