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Did you know that the modus operandi of the scamsters involved people sending money into a Bitcoin account. This is quite ingenuous due to various reasons. One, transferring money across countries is the easiest with crypto assets since it does not involve any paperwork, central bank permission, and so on. Two, there is also no limit on the sums that can be transferred through Bitcoins, unlike conventional money.
But how can you play safe?
Listen to what BusinessLine's Lokeshwarri S K has to say.
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