Blockchain Australia urges players to tackle crypto scams

rug pull scam

Simon Callaghan, the new CEO of Blockchain Australia, encourages all related crypto parties to band together to tackle the increasing number of cryptocurrency scams the industry is facing.

Callaghan addressed the issue at the Australian Blockchain Week conference, saying that banks in the country, the government, and players in the crypto space should work with a unified effort to beat scams in the space. He noted that the association will be focused on helping reduce and prevent scams in crypto to protect users in the industry. He stated:

We’re going to have to work with the banking sector. We’re going to have to work with the government.”

Related Articles

Singapore Authorities Warn Businesses of Bitcoin Ransomware Threat

Singapore police advised businesses against paying ransom and asked them to report the incident to authorities immediately.

Telegram Launches In-App Currency’ Currency Stars’ for Digital Purchases

On Telegram's Fragment platform, Telegram Stars can be exchanged for Toncoin, a cryptocurrency valued at $18 billion.

Zimbabwe Central Bank Ironing Out Wrinkles in New Currency

According to reports Zimbabwe will now have a currency supported by reserves that are three times greater than its circulation.

McDonald’s Ventures into the Metaverse in Singapore

McDonald's Singapore introduces the 'My Happy Place' in the metaverse, offering locals opportunities and ways to earn rewards.

See All