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AUSTRAC canceled GetCoins’ registration after customer complaints, CryptoSlate reports

CryptoSlate reports that AUSTRAC says organized scammers exploited GetCoins—not that the company ran the schemes.

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1 Source, 24d ago, first seen 24d ago

TLDR

CryptoSlate reports that AUSTRAC canceled GetCoins’ registration after customer complaints led the regulator to examine alleged crypto investment scams using the platform. The outlet says GetCoins can no longer operate as a digital currency exchange in Australia. CryptoSlate also reports that AUSTRAC describes organized scammers exploiting GetCoins, rather than the company running the schemes.

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1.5K

1 Source, first seen 24d ago

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Combined views

1.5K

1 Source, first seen 24d ago

2 likes

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Sentiment

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1 Source

@CryptoSlateAUSTRAC canceled GetCoins’ registration after customer complaints led it to examine alleged crypto investment scams using the platform. The regulator says organized scammers exploited GetCoins, not that the company ran the schemes. It can no longer operate as a digital currency exchange in Australia. https://cryptoslate.com/australian-crypto-provider-lost-its-right-to-operate-after-customers-raised-the-alarm-over-alleged-scams/
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    1 Source

    @CryptoSlateAUSTRAC canceled GetCoins’ registration after customer complaints led it to examine alleged crypto investment scams using the platform. The regulator says organized scammers exploited GetCoins, not that the company ran the schemes. It can no longer operate as a digital currency exchange in Australia. https://cryptoslate.com/australian-crypto-provider-lost-its-right-to-operate-after-customers-raised-the-alarm-over-alleged-scams/
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