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

By Katya Michaels

Mon, 19/02/2018 - 15:43

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

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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.