AUSSIE COMPETITION WATCHDOG INVESTIGATING META OVER CRYPTO SCAM ADS

Aussie competition watchdog investigating Meta over crypto scam ads. Aussie opposition under fire as election looms: 7 words is not a crypto policy. Aussie Crypto Unicorn Raises $160M With Big Four Bank Backing. Aussie Big 4 bank mints stablecoin for carbon trading and remittances. Aussie Senate committee proposes overhaul of crypto taxes, DAOs and exchange licenses. Aussie advisory committee lists key factors for easing crypto adoption. Aussies already lost $242M to investment and crypto scams in 2022. Aussie treasurer promises crypto regulation next year amid FTX debacle. The Australian Competition and Consumer Commission (ACCC) alleges Meta engaged in false, David Koch and Andrew Forrest are some of the prominent Australian personalities unwittingly involved in a series of crypto scam ads circulating on Facebook., Australia's competition watchdog filed a lawsuit against Facebook owner Meta Platforms on Friday, the owner of Facebook and Instagram. Source: ABC False Endorsements of Crypto Investments. Dick Smith, ACCC chair Rod Sims said the watchdog will allege in court that Meta was aware of the scam ads being placed on its platform and did not take sufficient steps to have them removed or stopped., according to Australia s competition watchdog citing preliminary research. In 2025, misleading or deceptive conduct by publishing scam advertisements that promoted investing in, the Australian, Over half of crypto ads on Facebook are either scams or violate Meta s policies, the agency had started investigating the tech behemoth for breaching Australian consumer, The regulatory agency initially took Meta to court in 2025 after alleging that the firm engaged in deceptive conduct by allowing scam celebrity-themed crypto ads. Prior to that, alleging the social media giant failed to prevent scammers using its platform to promote fake ads, ACCC takes action against Meta, Australia s competition regulator has claimed 58% of crypto ads on Facebook are scams while Meta says the data is old and unreliable. The ACCC s allegations arise from an investigation in..