Australia’s Consumer Watchdog Received 1289 Crypto Complaints in 2017

The Australian Rivals & Consumer Price (ACCC) has revealed that it acquired higher than 1,200 complaints referring to cryptocurrencies via its ‘Scamwatch’ portal all through 2017. In delicate of the number of complaints, the Australian Securities and Investments Price (ASIC) has issued a warning to potential consumers outlining the risks associated to cryptocurrency funding.

Moreover Be taught: Tesla Hit by Hackers Who Used its Strategies to Mine Cryptocurrency

Australia’s Consumer Watchdog Received 1,289 Complaints Referring to Cryptocurrencies Remaining Yr

Australia's Consumer Watchdog Received 1289 Complaints About Crypto Scams in 2017The Australian Broadcasting Firm has reported that data obtained from the ACCC signifies that Australian residents’ losses to cryptocurrency scams totaled $1,218,206 AUD ($955,000 USD roughly) for 2017. The number of complaints acquired ultimate yr has prompted Australia’s firm regulator, ASIC, to problem a warning to potential cryptocurrency consumers.

John Price, the ASIC commissioner, simply currently described…

Learn full story