Cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. Action Fraud said as more people have invested their money in cryptocurrencies, criminals have capitalised on this as an opportunity to commit fraud.Police are warning people about the dangers of cryptocurrency scams,Staff at a bank in Cheltenham contacted police on Thursday after someone wanted to transfer a large amount of money to a suspected fraudulent account. It transpired that several transactions had been made as the person believed they were investing in cryptocurrency. Is Crypto scams becoming rampant due to lack of knowledge ?
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