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Cyberabad DCP Warns P2P Cryptocurrency Traders
P2P trading lacks KYC verification, making traders vulnerable to cybercriminals who exploit them for money laundering.
Engaging in P2P trading, especially without KYC checks, risks frozen accounts and financial losses due to unwitting involvement in cybercrimes.
Cybercriminals entice P2P traders with high commissions, exploiting informal channels without verification to launder money.
DCP K Shilpavalli advises against P2P trading without KYC verification to avoid unwitting involvement in cybercrime.
Cyberabad's DCP highlights the need for vigilance and due diligence in digital transactions to mitigate risks and navigate safely.
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