Australia: Scammers luring digital asset owners with fake paper wallets
The paper wallets show they have up to $10,000 in digital assets, but require the “lucky recipient” to first send a withdrawal fee before they can access it.
The paper wallets show they have up to $10,000 in digital assets, but require the “lucky recipient” to first send a withdrawal fee before they can access it.
The regulator disclosed that Block Earner, a firm backed by Coinbase and Aave, also operates an unregistered managed investment scheme that violates Australia’s capital market laws.
A report by Accenture identified several problems with the process, including the need for clearer communication by tech partner Digital Asset and uncertain timelines.
The Blockchain in Business event in Australia showcased the scalability and power of the BSV blockchain in transforming businesses and creating a positive impact on the economy and the environment.
ASIC warns that the appearance of strange tokens in citizens' digital wallets, and the promise of guaranteed returns, are some of the tactics regularly employed by scammers.
Digital currency investors in Australia will be mandated to pay capital gain tax from their asset sales after the government decided against viewing "crypto" as foreign currency.
Digital asset provider BPS Financial is facing a lawsuit for allegedly making false and misleading representations, as other firms in the sector face mounting fears that they are next in line.
New information into Blockchain Global Limited's collapse claimed that the firm mingled clients' and other funds into one pooled fund, a clear violation of money reporting rules for stockbrokers.
ASIC temporarily suspended the BTC, ETH and Filecoin funds issued by Holon Investments and managed by Gemini for non-compliant target market determinations.
The BSV Blockchain Association is hosting the upcoming Blockchain in Business conference in Sydney, Australia, alongside key partners Webmaster Studios and Keyi Tech.
Preparations are up for Australia's CBDC pilot initiative, with the release of a white paper rallying the industry to explore use-cases of digital fiat and how it can transform the finance sector.
ASIC's executive director for markets expressed that the securities watchdog will not be "cheerleaders for crypto assets" and will be turning up the heat for the entire industry.