Australian regulator claims 58% of crypto ads on Facebook are scams
Australia’s competition watchdog cited preliminary research that found more than half of the crypto ads on the platform breach Meta’s policies or involve scams. Go to Source
Australian Competition and Consumer Commission
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Blockchain Australia CEO calls for unified efforts to stamp out crypto scams
Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate. Go to Source Powered by WPeMatico
Australian banks claim 40% of scams ‘touch’ crypto as it defends restrictions
During a panel at the Australian Blockchain Week, executives from Australia’s major banks explained why they added restrictions on payments to local crypto exchanges. Go to Source Powered by WPeMatico
Australian crypto scams increased by over 162% with nearly $150M lost
While the total figures are “alarming,” crypto scams accounted for 7.1% of the total $2.08 billion stolen from Australians in 2022. Go to Source Powered by WPeMatico
Australia bolsters crypto watchdogs in ”multi-stage’ plan to fight scams
The new measures from the Australian government come as cryptocurrency scams skyrocketed 162% to $221 million in 2022. Go to Source Powered by WPeMatico
