Australian Competition and Consumer Commission – DIGIT INFO

Australian regulator claims 58% of crypto ads on Facebook are scams

DIGIT — Thu, 15 Aug 2024 02:27:49 +0000

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

Blockchain Australia CEO calls for unified efforts to stamp out crypto scams

DIGIT — Fri, 30 Jun 2023 06:17:08 +0000

Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate.

Go to Source

Australian banks claim 40% of scams ‘touch’ crypto as it defends restrictions

DIGIT — Tue, 27 Jun 2023 05:24:57 +0000

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

Australian crypto scams increased by over 162% with nearly $150M lost

DIGIT — Tue, 18 Apr 2023 02:45:09 +0000

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

Australia bolsters crypto watchdogs in ”multi-stage’ plan to fight scams

DIGIT — Fri, 03 Feb 2023 04:38:51 +0000

The new measures from the Australian government come as cryptocurrency scams skyrocketed 162% to $221 million in 2022.

Go to Source