ASIC ‘very concerned’ about next event of crypto fraud

ASIC Chair Joe Longo says he is “very concerned” about the next major event of cryptocurrency fraud. Mr Longo joined Sky News Australia to discuss issues relating to crypto. “There’s high risk speculative activity, it’s an activity that’s often associated with money laundering and with assisting crime. “For many investors and consumers it’s not entirely clear what they’re investing in. “I remain concerned about this activity and we will continue to monitor what’s going on this market.”