The crypto market continues to attract new investors. And because of this growth, more Bitcoin legal issues have emerged. As investors continue to seek out blockchain-based investment options, those in the sector who don’t operate in an honest manner are bound to be revealed. Traditional investors expect a certain level of protection, and they’re not scared to seek financial damages when they believe they were duped.
In many instances, crypto investors who feel scammed lack the regulatory framework to file criminal charges against the firm responsible for the wrongdoing. The lack of criminal legal ramifications has led to a spike in crypto-related lawsuits over the last two years. Now, both the courts and investors prepare for lengthy litigations in an attempt to rectify these situations.
Is Bitcoin Safe and Legal?
The rise in crypto-focused litigation has many in the financial sector questioning if Bitcoin is safe and legal. The answer to this question depends on where you live. In some countries, such as Japan, governments…