Friday, December 6, 2019

Major Drug and Crypto Bust Occurs in Australia
 Published by https://marketwatchlive.blogspot.com/

In Australia, law enforcement officials have uncovered $1 million in cryptocurrency thanks to an alleged drug bust. While crypto has many positive uses and functions, several politicians and regulators refuse to accept its status as a powerful financial tool considering how often it’s tied to criminal activity or used in malicious schemes.

This was one such argument by Senate members who were overseeing testimony delivered by Facebook chief executive Mark Zuckerberg, who’s company is on the verge of releasing Libra – one of the most controversial crypto projects to date. Australia has arguably become a major haven for cryptocurrency fraud and theft as of late, with several arrests being made just last August over an alleged cold-calling scheme that may have cheated investors out of as much as $2 million in digital funds.
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