Over 1200 Australian People Complain About Crypto Scams

The country's authorities have not yet officially announced their intention to tighten the crypto regulation 
20 February 2018   247

In 2017, the Australian Commission on Competition and Consumer Protection received 1,279 complaints of fraud in the course of various initial placements of coins (ICO). This is reported by the ABC.

The publication did not specify which projects concern the complaints of Australians, but it is known that the financial losses of one of the investors are connected with the Australian exchange Igot. In 2016, after the recognition of insolvency, the Bitlio Exchange took responsibility for its actions.

The country's authorities have not yet officially announced their intention to tighten the regulation of token-accounts and related activities.

These are quite speculative products and they can be quite high-risk. It's been quite well documented that some of these products are scams, so please don't invest unless you're prepared to lose some or all of your money.

John Price

ASIC commissioner

Nevertheless, commissioner of the Australian Securities and Investments Commission John Price reminded all investors of the high risks associated with investing in ICO projects.

TOP-3 Ongoing ICO 14 - 21 Mar According to Our Readers

Let’s check which ongoing ICOs from 14th to 21st March are considered the best according to our readers
22 March 2018   155

Our readers are dedicated cryptocurrency enthusiasts and fans of blockchain technology. We provide them with the ability to express their opinion regularly. Let’s check top three ongoing ICO according to our readers.

1. BitCar

Hyper car asset tokenization. BitCar is the first platform in the world that will allow you to P2P trade fractions of exotic cars using your crypto. Owners can peg their crypto to these hard assets for protection during times of high crypto volatility. Users will have access to this historically outperforming asset class for the first time through BitCar. BitCar will then also seek to provide fractional ownership services to the very large automotive industry using this new decentralized blockchain technology.

Bitcar ICO
Bitcar ICO

At the moment of press, tokens worth SGD 9.2 Million were sold during ICO. Great result!

2. Datarius

Datarius cryptobank is a decentralized partially closed system. As a P2P platform, the system enables users to decide themselves whether to use any of variable services and applications. This in turn allows to almost completely reduce transaction costs. Datarius serves as a direct link between lenders, borrowers, and the related services – managers, analysts, insurance companies, funds, trading terminals.

Datarius ICO
Datarius ICO

At the moment, $888 737 raised during the Datarius ITO. Good result!


The ADAMANT project is made to respond to the question of trust in private data transfer security, since it is based on a proven to be robust Blockchain conception, and its program code is open and public. The project uses modern encryption methods and unique Blockchain technology and provides a high guarantee of confidentiality of the information transfers among all users within the system.

Adamant ICO
Adamant ICO

Adamant team was able to reach soft cap! $532 949 raised! And the sale is still going!

We will keep our eye on these campaigns and we hope that their projects will be successful. We are really grateful to our readers for your opinion expression. Please, check the updated Top Ongoing ICO and take part in new poll!