Australian Regulator (ASIC) Issues Warning on Rise of Online Crypto Scams

Quick Summary:

The Australian Securities and Investment Commission (ASIC) is warning about widespread online investment scams, including those involving cryptocurrencies.

In a new announcement, the ASIC says it is constantly shutting down malicious websites that are targeting Australians through various means and trying to make off with their funds.

Innovative technology developments may improve how we live and work, however they also provide new opportunities for scammers to exploit.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaAustraliaMali

Topics: Warning Australian Regulator Issues ASIC Rise Crypto Scams News Online Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 22:49:24 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 308 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22185297

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 26 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 15 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #121

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