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The Cyber and Fraud Hub has announced the publication of its latest resource, A Guide to Avoiding Cryptocurrency Scams, developed in collaboration with Police Scotland and Coinbase, one among the world’s leading cryptocurrency platforms.
As cryptocurrency becomes more widely used, awareness of potential risks and scams targeting users and businesses in Scotland and the UK has change into increasingly essential. This practical latest guide provides clear, accessible advice to assist the general public and organisations discover and avoid cryptocurrency frauds — including common warning signs and key advice do you have to end up affected by against the law of this nature.
Coinbase provided insights on secure trading practices, secure storage of digital assets, and the way to discover and report suspicious activity, ensuring the guide reflects the newest in industry best practices.
Alex Dowall, CEO of the Cyber and Fraud Hub, said: “Whilst the volatility of cryptocurrency can seem to supply innovation and opportunity, it could also attract organised criminals who exploit the general public’s curiosity and trust. With cryptocurrency scams increasing yr on yr, this guide brings together insights from the police service and industry to assist people recognise the warning signs, stay secure online, and report suspected fraud.”
The publication includes:
- An overview of cryptocurrency
- Practical steps for verifying legitimate cryptocurrency investments
- Guidance on secure trading, storage, and reporting suspicious activity
- Resources and contacts for those affected by cryptocurrency-related fraud
Detective Superintendent Richy Taylor, Police Scotland, commented: “Partnership is vital in tackling cyber-enabled crime. By working with the Cyber and Fraud Hub and Coinbase, we aim to empower the general public to make informed decisions and reduce the harm attributable to digital fraud.”
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Nick Wright, Coinbase UK, added: “Education is one among the strongest defenses against scams. At Coinbase, we mix cutting-edge security measures with user education to assist people across the UK navigate the cryptocurrency economy safely and confidently. We’re proud to support this initiative to empower individuals and businesses to guard themselves from fraud.”
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