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Bitcoin Scams


[unable to retrieve full-text content] Bitcoin scams growing in popularity with a high risk of ICO and cryptocurrency fraud  13WMAZ.com Full coverage Source link

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Featured The Australian Competition & Consumer Commission (ACCC) has released a report on trends within the scam economy during 2017. The report identifies cryptocurrency related fraud to comprise less than 1% of the scam activity recorded in Australia last year. Also Read: Ross Ulbricht Continues to Fight for Freedom With Supreme Court Petition Cryptocurrency Scams Responsible …

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The North American Securities Administrators Association (NASAA) just announced “Operation Cryptosweep,” one of the largest coordinated enforcement actions by U.S. and Canadian regulators to crackdown on fraudulent Initial Coin Offerings (ICOs). The task force was convened in April 2018 and includes members from more than 40 jurisdictions throughout North America and has resulted in nearly …

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MF Chain has a new cryptocurrency payment solution for merchants, the company said in an announcement. And, by integrating with supported cryptocurrency wallets through an application programming interface (API), the system doesn’t require users to utilize a proprietary wallet. After merchants determine the amount of a purchase, they enter the total amount, including tax, into …

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Australian consumers lost more than $2.1 million to cryptocurrency scams in 2017, the country’s Competition and Consumer Commission says. The Commission announced the findings Monday in an annual scams report, also noting that the rise in crypto-related scams corresponded with an increase in coin prices through 2017. Of the more than $2 million lost in 2017, …

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A bitcoin chart. (Jim Makos/Flickr) Securities regulators across the United States and Canada announced dozens of investigations Monday into potentially deceitful cryptocurrency investment products, the largest coordinated crackdown to date by state and provincial officials on bitcoin scams. As many as 70 investigations have been opened in the sweep, with more expected in the coming weeks, …

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CLOSE Basis cofounder and CEO Nadir Al-Naji discusses the upside of strict regulation with The Ledger team. Time A visual representation of the digital currency bitcoin that uses the so-called blockchain technology.(Photo: Dan Kitwood, Getty Images) A crackdown on cryptocurrency-related scams is being coordinated by state regulators across the country, as con artists play up the …

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The Australian Taxation Office is calling on accountants and tax agents to help combat fake tax debt scams involving cryptocurrencies such as bitcoin. Accountants and tax agents are very good at telling clients what to do, but sometimes their most valuable advice comes from convincing clients to not do something. A case in point is …

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Two scandals linking the Australian weather bureau to cryptocurrency are being claimed as coincidental. An advertising company remains suspended by the Bureau of Meteorology after ads linking to a scam article about Bitcoin appeared on the site in January and February. The organisation’s Melbourne offices were raided by federal police later in February over allegations …

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