Australian Crypto Scams Increased by Over 162% With Nearly $150M Lost
In 2022, Australians lost 221.3 million Australian dollars ($148.3 million) as a result of investment scams in which bitcoin was utilized as a.
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Australia Establishes A Specialized Cryptocurrency Police Squad To Combat Money Laundering
The Australian Federal Police has established a new cryptocurrency unit to combat money laundering in response to an increase in crimes involving cryptocurrencies,.
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Australia will carry out the crypto mapping process as the first country
According to Prime Minister Anthony Albanese, Australia will carry out the cryptocurrency mapping procedure as the first nation. Token mapping entails defining the.
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ANZ is the first bank in Australia to mint a digital currency
Australia’s ANZ Bank has become the country’s first major financial institution to produce and accept payment of a stablecoin tied to the country’s.
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DAOs may be regulated in Australia under a bill introduced by a senator
At Blockchain Week Australia on Monday, Australian senator Andrew Bragg called for “immediate” regulation of decentralized autonomous organizations (DAOs) under the country’s Corporations.
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Meta is being sued by the Australian Competition and Consumer Commission (ACCC) for false cryptocurrency advertisements
The Australian Competition and Consumer Commission (ACCC) has filed a Federal Court complaint against Meta Platforms, Inc. (previously Facebook), saying that the company.
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Fraudulent cryptocurrency investments cost Australians over $25 million.
The total losses from Bitcoin-related investment frauds have now surpassed $18.5 million. Therefore, it is up 44 per cent from the total losses.
