California's financial regulator has launched a cryptocurrency scam tracker to help residents 'spot and avoid crypto scams.' crypto
The California Department of Financial Protection and Innovation has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of new crypto scams emerge, the DFPI will continually update this tracker to promptly alert and protect the public.”The Department of Financial Protection and Innovation of the U.S. state of California announced last week the launch of itsto help people in the state “spot and avoid crypto scams.
The Californian regulator’s crypto scam tracker is a database — searchable by company name, scam type, or keywords — for consumers to learn more about crypto-specific complaints the DFPI has received. Each year, the DFPI receives thousands of consumer and investor complaints; the tracker’s content is based on information reported by members of the public to the DFPI. The regulator clarified that it “has not verified the losses reported by complainants.
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