Proactive Prevention: The Key to Combatting Crypto Fraud
At the Intersekt 2023 fintech conference, top executives from Australian crypto firms addressed the growing concern of fraud in the sector. Their consensus? Educating users about scammers’ tactics can drastically cut down on fraud incidents. Instead of simply responding to issues, the focus should be on proactive prevention. The discussion also pointed out that the responsibility for curbing crypto scams doesn’t just fall on the crypto industry — it’s shared by banks, social media platforms, and telecom companies as well.
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At the Intersekt 2023 fintech conference, top executives from Australian crypto firms addressed the growing concern of fraud in the sector.
Their consensus? Educating users about scammers' tactics can drastically cut down on fraud incidents.
Instead of simply responding to issues, the focus should be on proactive prevention.
The discussion also pointed out that the responsibility for curbing crypto scams doesn't just fall on the crypto industry — it's shared by banks, social media platforms, and telecom companies as well.
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