Search results
Results From The WOW.Com Content Network
Australia’s national consumer watchdog has warned that cryptocurrency trading scams have grown ‘significantly’ over a 12-month period and are now the second most-common kind of investment ...
The Australian market has also seen the rise of local cryptocurrencies and blockchain projects. [6] Australia boasts the highest rate of cryptocurrency adoption (23%) among developed nations, ranking eighth worldwide. This rate surpasses the estimated adoption rates in the United States (16%) and the United Kingdom (12%), as reported by ...
An Australian couple lost AUD $900,000 after “investing” in an elaborate cryptocurrency scam. Mike Taylor, 70, and his wife Karen told local station 7News that the losses represented the ...
NEW YORK (Reuters) -Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded not guilty on Thursday to U.S. criminal ...
The Australian Financial Complaints Authority was established on 1 November 2018, replacing the Financial Ombudsman Service (FOS), the Credit and Investments Ombudsman (CIO) and the Superannuation Complaints Tribunal (SCT). [7]
The law on cryptocurrency transactions must comply with the anti-money laundering law; and measures to protect users investors. The Payment Services Act defines "cryptocurrency" as a property value. The Act also states that cryptocurrency is limited to property values that are stored electronically on electronic devices, not a legal tender ...
A gang of cryptocurrency fraudsters based in Lancashire have been ordered to pay back £24.5m to the victim of their theft. The fraud began in 2017 when James Parker from Blackpool discovered a ...
In 2016 the government announced a review into Australia's EDR schemes for the financial system, including the FOS. [14] In November 2016 a Lower House parliamentary committee, which has a majority of incumbent government MPs, recommended a banking tribunal be established to replace the FOS, the Credit and Investments Ombudsman and the ...