Cryptocurrency scams and the LGBTQIA+ Community
What is cryptocurrency? Cryptocurrency is an encrypted data string that indicates a unit of currency. Cryptocurrencies are not issued by governments or financial institutions, nor are their values managed by a central authority. These units of currency can be bought, sold, and transferred. While this new form of currency is exciting for many, unfortunately it presents a new avenue for scammers. Recent reports also shows that these cryptocurrency scams impact the LGBTQIA+ community at a higher rate.