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Aussies lost $6.1m to cryptocurrency scams last year – 29 April 2019
Australians lost at least $6.1 million to cryptocurrency-based scams last year. This is a 190 per cent increase over the $2.1 million reported in 2017, making cryptocurrency-based scams the second highest unusual payment method for losses.
https://www.itnews.com.au/news/aussies-lost-61m-to-cryptocurrency-scams-last-year-524382
ANZ joins the lending crackdown as brokers fear delays – 29 April 2019
Closer loan scrutiny and lending conditions resulting from the Hayne Royal commission, may mean lengthy loan processing delays, causing concern that borrowers may move to the less regulated “shadow” banking sector.
ATO’s debt recovery action against small businesses is ‘crippling’, says ombudsman – 29 April 2019
A report released today from the Australian Small Business and Family Enterprise Ombudsman (ASBFEO,) looks at the ATO’s use of various debt recovery actions. 159 complaints were made regarding heavy handed debt recovery actions, however the ATO claims it only acts in serious fraud cases.
Blockchain leaders respond to Apple CEO’s call for technology regulation – 28 April 2019
Apple CEO Tim Cook stated at the TIME 100 summit, that technology should be regulated with greater consumer protection. He stated that cryptocurrencies have the power to bring new opportunities into the traditional financial sector, however reaping these benefits will require a combined effort from government, industry bodies, and private enterprises.
https://micky.com.au/blockchain-leaders-respond-to-apple-ceos-call-for-technology-regulation/
