Chair

Bank AI

<div class="cryptonews"> 
 <p class="is-style-lead">ASIC, Australia’s financial watchdog, has announced a new four-year plan prioritizing consumer protection against <a rel="dofollow" title="digital" href="https://thebittimes.com/tag/digital.html">digital</a> scams, including cryptocurrency-related frauds.</p> 
 <p>ASIC, the Australian Securities and Investments Commission, has unveiled a new four-year strategy aimed at shielding consumers and businesses from <a rel="dofollow" title="digital" href="https://thebittimes.com/tag/digital.html">digital</a> scams, including those involving cryptocurrencies. </p> 
 <p>Chair Joe Longo indicated that while ASIC has made strides since outlining its priorities last year, there’s ongoing work. The <a rel="dofollow" title="regulator" href="https://thebittimes.com/tag/regulator.html">regulator</a> is adapting to shifts in sustainable finance, the <a rel="dofollow" title="digital" href="https://thebittimes.com/tag/digital.html">digital</a> economy, and the challenges an aging population poses.</p> 
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 <p>Longo also mentioned that ASIC closely monitors how emerging technologies like AI could impact businesses and consumers.</p> 
 <p>Australia has been generally favorable toward <a rel="dofollow" title="digital" href="https://thebittimes.com/tag/digital.html">digital</a> currencies. The country has both embraced and regulated cryptocurrencies, most notably by exempting them from Goods and Services Taxes.</p> 
 <p>The Australian Central Bank has been actively researching and developing in the crypto space, focusing on Central Bank Digital Currencies (CBDCs).</p> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Australia’s central bank releases report highlighting CBDC use cases 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/australian-regulator-asic-to-ramp-up-focus-on-digital-scam-tbt60829.html">https://thebittimes.com/australian-regulator-asic-to-ramp-up-focus-on-digital-scam-tbt60829.html</a></p>

Australian regulator ASIC to ramp up focus on digital scam

TheBitTimes

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