Given the recent legal issues that cryptocurrency exchange users have faced, the Iranian Blockchain Association has issued a warning to users.
According to IDEA, considering the problems that users have encountered lately in buying and selling digital currencies, the Iranian Blockchain Association has provided a statement outlining the issues and recommendations. The aim is to guide users in their digital currency exchanges to prevent legal complications.
In this recommendation, which the Blockchain Association has published in six points, the first point addresses domain verification. According to this recommendation, individuals receiving links from friends should first check these links in their web browsers to ensure the validity of the domain and its correspondence with the received link.
The second point, which involves platform identity verification, recommends that users investigate addresses, phone numbers, customer support, accessibility methods, and other aspects before choosing an exchange.
The third point also touches on the topic of advertising. In some exchanges, unconventional advertisements have been used, promising lower prices for buying or higher prices for selling. This trick has been introduced to attract more users and engage in deception.
The fourth point addresses the issues related to the misuse of users’ identity documents for profit. According to this statement, scam groups attempt to obtain individuals’ identity documents, including national ID cards, birth certificates, and commitments, and use them to populate these documents on cryptocurrency websites. Through this, they engage in cryptocurrency transactions by creating transactions in your bank account.
The legal consequences of these transactions are tied to the verified person on the website, as these transactions are orchestrated through methods such as phishing. At a specified time, you will be identified as the verified person, and the person whose documents you have entrusted will face a high volume of complaints. This issue has been reported in recruitment or cleaning companies (even on platforms like Divar).
Pages related to cryptocurrency exchanges on social networks and platforms like Divar and Sheypoor have been observed, and the Blockchain Association has issued a warning regarding the dissemination of malicious links on these pages.
In conclusion, the Blockchain Association has also issued a warning regarding the storage of assets on domestic and foreign exchange platforms, recommending software or hardware personal wallets as the best method for safeguarding these assets.
Why did the Blockchain Association issue this statement? Unfortunately, there is insufficient information in the field of cryptocurrency exchanges, which leads to fraud in this area. Among these issues, we can mention cases such as obtaining users’ identity documents for profit or enticing advertisements that serve fraudulent websites, which constitute a significant portion of scams and abuses.
The Blockchain Association has also published a three-page statement containing explanations that guide users in reducing the risk of using these platforms. By following the above recommendations, users can reduce the risk associated with these transactions and mitigate the potential for abuse and fraud.
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