Crypto Scams Surge: $5.6 Billion Lost and Kenya’s Regulatory Response

Simply Crypto

In this episode, we explore the alarming rise of cryptocurrency scams, with Americans losing $5.6 billion in 2023 alone, particularly affecting the elderly. We also discuss Kenya's intensified battle against unregulated crypto users as the government implements a digital tax system to capture transactions. Additionally, we cover the BRICS bloc's official adoption of cryptocurrencies for investments and insights from Anthony Pompliano on Bitcoin's resilience amid political changes. Stay informed and empowered in the evolving world of digital currencies.
Sources:
https://www.foxnews.com/tech/rising-crypto-scams-leave-americans-reeling-from-billions-losses
https://africa.businessinsider.com/local/markets/kenyas-battle-against-cryptocurrency-users-is-set-to-intensify/95psm04
https://watcher.guru/news/brics-officially-adopts-cryptocurrency-for-investments
https://www.benzinga.com/markets/cryptocurrency/24/10/41403206/bitcoin-is-the-simplest-story-in-finance-will-climb-regardless-of-election-winner-says-ant
Outline:
(00:00:00) Introduction
(00:00:39) Rising crypto scams leave Americans reeling from billions in losses
(00:03:52) Kenya's battle against cryptocurrency users is set to intensify
(00:06:51) BRICS Officially Adopts Cryptocurrency for Investments
(00:09:23) Bitcoin Is 'The Simplest Story In Finance,' Will Climb Regardless Of Election Winner, Says Anthony Pompliano