Cryptocurrency

A petition to create a fund to help victims of cryptocurrency scams gets 44 votes in 9 months

In April 2020, lawyer Jonathan Levy filed a petition with the European Parliament to create a compensation fund for victims of cryptocurrency scams. She only got 44 votes.

petition was filed nine months ago with the European Union’s legislative and representative body, the European Parliament, proposing a “normative compensation scheme for victims” who have had their digital assets stolen through fraud, hacking and extortion. The author of the petition is attorney Jonathan Levy.

Levy wants the EU to impose a € 0.0001 fee on cryptocurrency transactions that will go to a compensation “superfund” for victims of cryptocurrency scammers. The lawyer represents clients who have suffered losses in excess of € 50 million.

However, the victims of cryptocurrency scams don’t seem to believe in this idea. To date, only 44 people have signed the petition.

In the new year, amid the cryptocurrency boom, Levy recalled his previous initiative. More than 240,000 people are joining him, according to Levy, who were affected by the sudden closure of the Irish exchange Bitsane in 2019. At the current rates of cryptocurrencies, the value of users’ cryptoassets stolen by the owners of the exchange would exceed € 1 billion.

“The victims of the closed Irish cryptocurrency exchange Bitsane are still awaiting justice,” he said, stating that the Irish authorities “have done little or nothing” to track down the stolen money of Bitsane users.

About author

Experienced Founder with a demonstrated history of working in the newspapers industry. Skilled in Data Research, Management, Investment Research, Teamwork, and Leadership. Influencing the technology, people, and technical analysis of the Cryptocurrency and Blockchain world.
Related posts
Cryptocurrency

The Ministry of Finance of the Russian Federation proposed amendments to the Code of Administrative Offenses with fines for illegal circulation of CFA and cryptocurrencies

CryptocurrencyDogecoin

Elon Musk Called Dogecoin is the People's Crypto on Twitter

CryptocurrencyExchanges

Coinbase Selects Nasdaq For Direct Stock Market Placement

Cryptocurrency

Indian Finance Minister: "we plan to regulate, not ban cryptocurrencies"

Sign up for our newsletter and stay informed

0 0 vote
Page Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x