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It's a nasty situation. The banks never take responsibility for anything. If you're scammed, they deny any liability. There are worse cases. In Argentina, I saw cases of people arrested for selling cryptocurrencies on Binance's P2P platform (basically, they received payment from a scammer who used money stolen from a company). The banks don't take responsibility. And the judges don't know what a computer is. So you can imagine that resolving this problem will take a long time.
RE: Cyber Law Misuse in India: A Growing Problem for Common People