Most scammers now ask for payment in cyptocurrencies, as their anonymity makes it much more difficult to identify the perpetrators, or recover lost money. | jcollett_money
in 2021 where bitcoin was the payment method, compared to losses of almost $27 million in 2020 and $19 million in 2019.
Card-not-present fraud – affecting online purchases – accounted for more than 90 per cent of all fraud on Australian cards in 2021, reflecting the rapid growth of e-commerce. “In March 2022, the Australian government began consultation on approaches for licensing digital currency exchanges and custody requirements for crypto assets,” Rickard says.
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