{"id":81066,"date":"2023-06-30T19:01:58","date_gmt":"2023-06-30T16:01:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81066"},"modified":"2025-09-11T20:43:05","modified_gmt":"2025-09-11T17:43:05","slug":"blockchain-australia-calls-for-unity-against-crypto-scams","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blockchain-australia-calls-for-unity-against-crypto-scams\/","title":{"rendered":"Blockchain Australia calls for unity against crypto scams"},"content":{"rendered":"<p>Australian banks, authorities and the cryptocurrency industry must unite to combat rising fraud in the digital-asset space. This was stated by Blockchain Australia chief executive Simon Callaghan during Blockchain Week in Melbourne, according to <a href=\\\"https:\/\/cointelegraph.com\/news\/blockchain-australia-ceo-unified-efforts-combat-crypto-scams\\\">Cointelegraph<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>According to him, the association will focus on preventing crimes involving cryptocurrencies. He stressed the need to protect consumers and to work with the banking sector and the government.<\/p>\n<p>\\n\\n<\/p>\n<p>He noted that illicit activity often takes place on social networks or via telecommunications channels:<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\\n<\/p>\n<p>\u00abCrypto is either the exit point, or a secondary part of the fraud life cycle; the fraud occurs much further down the chain\u00bb.<\/p>\n<p>\\n<\/p><\/blockquote>\n<p>\\n\\n<\/p>\n<p>According to the head of Blockchain Australia, only a few countries manage to cooperate effectively on this issue. However, he expressed hope that Australia could overcome this barrier and set an example for other jurisdictions.<\/p>\n<p>\\n\\n<\/p>\n<p>According to the Australian Competition and Consumer Commission, in 2022 residents of the country <a href=\"https:\/\/forklog.com\/en\/news\/australians-lost-148m-to-crypto-scammers-in-2022\">lost $148 million<\/a> as a result of fraud schemes linked to digital assets.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier in June, the Commonwealth Bank of Australia <a href=\"https:\/\/forklog.com\/en\/news\/australias-largest-bank-imposes-limits-on-cryptocurrency-transfers\">introduced measures<\/a> limiting customers&#8217; ability to send funds to cryptocurrency exchanges. The move was explained as aimed at protecting consumers from illicit schemes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian banks, authorities and the cryptocurrency industry must unite to tackle rising fraud in the digital-asset space.<\/p>\n","protected":false},"author":1,"featured_media":81067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[108,1246],"class_list":["post-81066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-australia","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=81066"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81066\/revisions"}],"predecessor-version":[{"id":81068,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81066\/revisions\/81068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/81067"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=81066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=81066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=81066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}