The widespread impact of cryptocurrency investment scams that have hit the headlines in recent weeks highlights the need for improved financial literacy among investors, especially the young, as well as tougher regulations to prevent these financial crimes.
After a number of incidents like the high-profile Luna crash, which saw a 99.9% drop in the price of the currency, public confidence in these digitally mined cryptocurrencies has plummeted. In Thailand quite a few scams have emerged involving famous people, with accumulated losses surpassing billions of baht, triggering alarm bells about this kind of business.
