Crypto Scams Comprise 0.6% of Fraud – Australian Consumer Watchdog

Crypto Scams Comprise 0.6% of Fraud - Australian Consumer WatchdogThe Australian Competition & Consumer Commission (ACCC) has released a report on trends within the scam economy during 2017. The report identifies cryptocurrency related fraud to comprise less than 1% of the scam activity recorded in Australia last year. Also Read: Ross Ulbricht Continues to Fight for Freedom With Supreme Court Petition Cryptocurrency Scams Responsible for […]

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Report Shows Cryptocurrency Scams Remain Popular in Australia

Cryptocurrencies have become a lot more appealing to the masses over the past few years. With so many new people entering this ecosystem, criminals will try to exploit any and all flaws and weaknesses for some time to come. A new report shows that Australians lost AUD$2.1 million to cryptocurrency scams in 2017. Cryptocurrency Scams Remain a Problem Anyone who has kept a close eye on the cryptocurrency industry over the years will be all too familiar with the numerous types of scams out there. This has become a very annoying and troublesome trend, and it seems things are not improving

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Australia Cracks Down on Misleading and Deceptive Initial Coin Offerings

Australia Cracks Down on Misleading and Deceptive Initial Coin OfferingsAustralia’s financial regulator is cracking down on deceptive and misleading initial coin offerings (ICOs), citing “a serious breach of the Australian law.” As a result of the regulator’s inquiries, some issuers have halted their token sales or are modifying their structures. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space ASIC Takes Action Against ICOs […]

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Australia’s Consumer Watchdog Received 1289 Crypto Complaints in 2017

Australis Consumer Watchdog Received 1289 Crypto Complaints in 2017The Australian Competition & Consumer Commission (ACCC) has revealed that it received more than 1,200 complaints relating to cryptocurrencies via its ‘Scamwatch’ portal during 2017. In light of the number of complaints, the Australian Securities and Investments Commission (ASIC) has issued a warning to potential investors outlining the risks associated with cryptocurrency investment. Also Read: Tesla […]

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