Cryptocurrency Compliance and Operations Case Studies

Jason Scharfman
Additional contact information
Jason Scharfman: Corgentum Consulting, LLC

Chapter Chapter 8 in Cryptocurrency Compliance and Operations, 2022, pp 155-170 from Springer

Abstract: Abstract This chapter provides an overview of compliance and operations related cryptocurrency case studies. The chapter begins with an overview of cryptocurrency Ponzi schemes. As part of this discussion, the influence of Fear of Missing Out (FOMO), Fear, Uncertainty and Doubt (FUD) and the meme economy were discussed as contributors to creating an environment that supported crypto fraud. Several case studies were then discussed that include the use of crypto-related options, revenue sharing arrangements for capital raising, multi-level marketing (MLM) tactics, affinity scams, crypto lending, clone firm scams, and exit scams. The chapter concludes with an analysis of the continued evolution of Turkey’s crypto regulations and the failure of the Thodex and Vebitcoin crypto exchanges. With an established understanding of crypto operations and compliance that has now been reiterated by real-world case studies, in the next chapter we will not turn our focus to Decentralized Finance (DeFi) Compliance and Operations.

Keywords: Ponzi scheme; Fear of Missing out (FOMO); Fear; Uncertainty and Doubt (FUD); Meme economy; Multi-level marketing; Affinity scam; Clone firm scam; Exit scam (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-88000-2_8

Ordering information: This item can be ordered from
http://www.springer.com/9783030880002

DOI: 10.1007/978-3-030-88000-2_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().