Australia plans to introduce an anti-scam law by end of the year, forcing internet giants to prevent scams or face fines.
Australia plans to introduce an anti-scam law by end of the year, forcing internet giants to prevent scams or face hefty fines. The ACCC and treasury department are consulting with firms to create a mandatory, enforceable anti-scam code requiring them to protect users and offer complaint services. This follows cryptocurrency scam ads featuring mining billionaire Andrew Forrest, leading to significant losses in Australia.
July 12, 2024
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