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Tag: ACCC

Crypto Scams Dominate Investment Fraud Epidemic In The US: FBI

FBI says crypto scams caused the biggest investment losses in the US in 2023, with $3.94 billion lost, up 53% from 2022’s $2.57 billion. Romance...

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Meta Faces $14 Million Fine in Australia For Collecting Data Through Its VPN

Tyler Cross Published on: July 31, 2023 Meta, the parent company of Instagram and Facebook, was recently slapped...

Crypto-related Crime in Australia: What Court Records Tell Us, and What Lies Ahead – Regulation Asia

In trying on the 59 legal circumstances within the examine, various fascinating tendencies emerged:1. Crypto was primarily used as a way of fee or...

Experian Teams Up with Envestnet | Yodlee to Bring the Benefits of Open Data to Lenders

Experian announced a partnership with Envestnet | Yodlee to help lenders in Australia take advantage of open data.The collaboration will help Experian manifest...

Australia’s Government is Bolstering Its Market Regulator’s Digital Asset

As part of its “multi-stage strategy” to cracking down on cryptocurrencies and ensuring that crypto companies provide accurate risk disclosures, the Australian government is...

It’s not too late to fix Australia’s Open Banking bungle, but industry must lead (Matt Tyrrell)

Open Banking's global promise of data democratisation is in danger of faltering in Australia if policy-makers fail to address the needs of businesses.  However...

Spotting a crypto scam

Scams are on the rise. In 2022 it’s expected that more than 1 million Australians will lose a collective $4 billion to scams, an...

Facebook sued in Australia for fake crypto ads

A few weeks ago, Australia’s richest man, Andrew Forrest, was forced to file criminal charges against Meta for allowing crypto scam ads with his name and age.

The post Facebook sued in Australia for fake crypto ads appeared first on CryptoSlate.

Australian competition regulator takes Meta to court over fake crypto ads

The ACCC highlighted unapproved or endorsed “scam” ads featuring prominent Australian figures such as entrepreneur Dick Smith, TV host David Koch and former NSW premier Mike Baird in particular.

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