LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

sheetanshu sheetanshu   06 August 2023

Need expert opinion on rules related exchanging cryp to currencies

Most of the time cryptocurrencies are exchanged to fiatcurrencies using P2P , person 2 person.

There are 2 types of issues arising now:
i) Genuinely people make the transition then complain in cyber crime portal they have no knowledge of this trsanction and force the counter party tosettle.

ii) A lot of time scammers create accounts on own name, knowing it will be seized later purchase the crypto from you. Police later traces the amount to you and force you to settle stating the money you got exchanging the assets was fraudulent.

Please help to know what is the defense in both cases.


 2 Replies

T. Kalaiselvan, Advocate (Advocate)     06 August 2023

You can consult any expert on the field  and be aware that this query  do not involve any legal issue.

sheetanshu sheetanshu   09 August 2023

Sir I am asking what is the legal defense in these cases.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register