Credit cards

Scammers now prefer crypto over credit cards and more Latest News Here

Alex Dovbnya

Crypto scams have replaced credit card scams in Australia due to the growing popularity of digital assets

According to a recent report from the Sydney Morning Herald, criminals have shifted their focus from card fraud to cryptocurrencies in Australia.

The rate of car payment fraud has decreased significantly in recent years following the introduction of additional security measures. Andy White of AusPayNet attributed the decline to strong customer identification.

Due to rapidly skyrocketing prices, cryptocurrencies have become an even more lucrative target for fraudsters in 2021, according to ACCC Vice President Delia Rickard.

Rickard noted that cryptocurrencies have become a preferred payment method for all sorts of scams.

In June, the Australian Competition and Consumer Commission (ACCC) reported that Australians had lost more than $205 million to scams. Notably, cryptocurrency investments accounted for the majority of lost funds ($113 million). The ACCC has warned that consumers are vulnerable to cryptocurrency scams, which is why they should be extra careful when it comes to dubious investment offers.

She believes it is possible to reduce the number of fraud cases related to cryptocurrency with the help of strict regulation. White is also a firm believer that cryptocurrencies should be regulated like any other crypto scam.

Last March, the government released a consultation document covering cryptocurrency market licensing, taxation, custodial services as well as decentralized autonomous organizations.

As U.Today reports, Prime Minister Anthony Albanese has announced the start of “token mapping” in a first government across the world. Australia will determine the characteristics of the main cryptocurrencies.

Last month, the ACCC began testing a new service that automatically removes fraudulent cryptocurrency websites once people report them.

Scammers now prefer crypto to credit cards and breaking news

I tried to give all kinds of news to y’all latest news today 2022 through this site and you will like all this news very much because all the news that we always give in this news is always there. It’s on a trending topic and regardless of the latest news

it was always our effort to reach you that you continue to get the Electricity News, Degree News, Donation News, Bitcoin News, Trade News, Real Estate News, Gaming News, Trending News, Digital Marketing, Telecom News, Beauty News, Banking News, Travel News, Health New, Cryptocurrency News, Claims News the latest news and you always keep getting the news information for free through us and also tell people. Give that any information related to other types of news will be

Scammers now prefer crypto over credit cards and more

All this news I made and shared for you, you will like it very much and we keep bringing you topics like every time so you keep getting hot news like trending topics and you It’s our goal to be able to have

all kinds of news without going through us so that we can reach you the latest and best news for free so that you can go further by getting the information of this news with you. Later we will continue

to provide information on more world news update today kinds of breaking news through postings on our website so that you will always keep moving forward in this news and whatever kind of information will be there, it will definitely be passed on to you.

Scammers now prefer crypto to credit cards and more news today

All this news that I have brought you or will be the most different and best news that you will not get anywhere, as well as the information Trending News, Latest News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to you all so that you are always connected with the news, stay ahead of the game and continue to today’s news all types of news for free till today so you can get the news by getting it. Always take two steps forward

Credit goes to news website – This news website from the original content owner. This is not my content so if you want to read the original content you can follow the links below

Get original links here🡽