Tag: Australia

source: webopedia.com

ASIC Ramps Up Online Scam Crackdown as Crypto Frauds Persist

Australia’s corporate watchdog is intensifying its war on online scams after removing more than 14,000 fraudulent websites since mid-2023, with thousands linked to cryptocurrencies. The Australian Securities and Investments Commission (ASIC) revealed on Thursday that over 3,000 of those takedowns involved crypto-related scams, alongside a mix of phishing sites and ...

sourceE: tradebrains.in

Australia Imposes New Crypto ATM Rules to Combat Rising Scams

Australia’s financial intelligence agency, AUSTRAC, has introduced strict new rules for cryptocurrency ATM operators as part of a crackdown on scams targeting older Australians. The move follows a sharp increase in fraudulent activities linked to crypto kiosks nationwide. Australia introduces new operating rules and transaction limits for crypto ATM operators ...

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