It is very difficult to identify legitimate cryptocurrency investments from scams. In Australia, cryptocurrency is not treated as ‘money’ or a ‘financial product’ and you have less protection if you invest and it turns out be a scam or you lose a lot of money. Bitcoin is the most well-known form of digital currency. Search for the company online plus “review”, “complaint” or “scam”.Ĭommon types of investment scams Cryptocurrency scamsĬryptocurrencies are digital currencies.
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