#CryptoCPIWatch "Crypto CPI Watch" refers to the Parliamentary Inquiry Commission (CPI) that investigates financial pyramid schemes involving cryptocurrencies, that is, the use of cryptocurrencies in frauds that promise high or guaranteed financial returns. The CPI aims to investigate scams, money laundering, and currency evasion involving digital assets. 

Preparation:

The CPI on Financial Pyramid Schemes using cryptocurrencies is a parliamentary tool used to investigate irregularities and frauds related to the use of cryptocurrencies in pyramid schemes. The Commission has investigative powers similar to those of the Judiciary, being able to collect testimonies and request documents. 

The CPI primarily investigates: 

Pyramid schemes:

Promises of high financial returns, often utilizing cryptocurrencies, which are sustained by the influx of new investors.

Scams:

Frauds that lead to financial losses for investors, often involving misleading promises about the operation of projects or services related to cryptocurrencies.

Money laundering and currency evasion:

Criminal activities that use cryptocurrencies to conceal the origin of illicit money or to transfer assets to other countries.

The CPI on Financial Pyramid Schemes aims to protect investors and clarify the details of fraudulent schemes involving cryptocurrencies.