Whilst scammers hurt the whole crypto industry there are some facts in this article that just don't add up to me.
In April 2018 the Aust gov outlawed crypto ATM's on the basis that they did not require ID to purchase.
Finding a crypto ATM in some Australian states is a difficult / impossible thing to do.
The statement:
" Cryptocurrency-related fraud totaled AUS$2.1 million in 2017, representing 0.617% of the overall AUS$340 million scam economy."
Seems to imply that crypto is less that 1% of all scam fraud.
What is the other 99%?
Perhaps that is fiat currency scams?
Who pays tax bills by depositing into a crypto ATM?
What is the crypto address of the ATO?
The police say that migrants have been targeted. "newly arrived" migrants are commonly on welfare payments so how much tax do they pay?
So what is the point of the article?
Perhaps it is a scare tactic by the Aust gov, to stop the crypto wave that is spreading across the country atm?
Perhaps the global banking cartel "instructed" the gov to "crack-down" on the <1% whilst ignoring the 99%?
Time will tell