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Bitcoin Fraud in Australia Grew by Almost 200 Percent in 2018

Bitcoin Fraud in Australia Grew by Almost 200 Percent in 2018

Australia’s consumer protection watchdog says instances of Bitcoin and other cryptocurrency-related fraud increased by nearly 200 percent in 2018. Despite the year-long bear market that characterized the period, it appears cryptocurrency con-artists continue to enjoy relative success defrauding unsuspecting victims. Meanwhile, even with the rising figures, cryptocurrency-related fraud continues to constitute an insignificant portion of financial crimes in Australia and several other countries around the world.




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