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Australia reports a loss of over AUD 6.1 million in cryptocurrency scams for 2018

Australia reports a loss of over AUD 6.1 million in cryptocurrency scams for 2018 – AMBCrypto

Scams have always been one of the prominent issues crippling the cryptocurrency space, with several regulatory bodies around the world issuing statements on how to identify these scams. Now, the Australian Competition & Consumer Commission [ACCC] has released a report detailing scams affecting the Australian community, a report that also includes cryptocurrency scams. The report detailed cryptocurrencies as, “Cryptocurrencies, also known as virtual or digital currencies, are a form of electronic money.






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