Tag: ACCC

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 …
[Read More]

Australian Authorities Clear Banks in Bitcoin Account Suspension Probe

The Australian Competition and Consumer Protection Commission (ACCC) has decided that several banks did not violate any statutes in closing the accounts of several digital currency companies across the country. The investigation was prompted when the Australian Financial Times published a scathing piece in September of last year, which claimed that seventeen bitcoin companies had received letters from their banks that stated that they would lose access to their accounts. …
[Read More]