Australian Consumer Commission Reports Over $1 Mln In Bitcoin-Related Losses

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    The Australian Competition & Consumer Commission (ACCC) reported that they received 1,289 BTC-related reports in 2017 with total losses from it equal to $1,218,206

Australian Consumer Commission Reports Over $1 Mln In Bitcoin-Related Losses

The Australian Competition & Consumer Commission (ACCC) reported that they received 1,289 Bitcoin-related reports in 2017 with total losses from these reports equal to $1,218,206. The reports prompted the Australian Securities and Investments Commission (ASIC) to issue a regulatory guidance statement on ICOs.

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About the author

Katya Michaels is a writer and editor living in California. She is passionate about excellent writing and dedicated journalism, but ambivalent about the Oxford comma. When not crusading for the rescue of long-form content, she watches sunsets, scuba dives, plays Chopin Nocturnes and teaches her daughter to express herself without the use of emoticons.

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