Australia tries once more to fight ‘future sectors’ crypto scams

A session paper on a brand new framework for addressing client and enterprise scams proposed by Australia’s Division of the Treasury considers making use of sector-specific codes and requirements to banking and cryptocurrency scams, amongst others.

The paper provides to the efforts of the Australian Competitors and Client Fee (ACCC) to fight scams by way of the annual Scams Consciousness Week initiative. It additionally reveals Australia’s plan to assign necessary business codes to every totally different kind of rip-off.

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