Australia’s top regulator says crypto became ‘increasingly mainstream’ thus requiring stricter regulation
Surprised by the rising number of crypto investors in Australia, Australian Securities and Investments Commission (ASIC) chairman Joe Longo voiced his concern that many Bitcoin (BTC) and altcoin buyers don’t recognize the actual risk of investing in digital assets. According to the latest ASIC report released at the start of August 2022 that researched over 1,000 retail investors in Australia.
Another cause of concern for Joe Longo was a revelation that 41% of those who were surveyed reported that one of their main sources of investing information were social media platforms such as Facebook, Reddit, and TikTok, but also “finfluencers” from YouTube. Apart from social media, some of the “commonly cited” sources of investment information include Google searches’ (34%), investors’ personal networks such as family and friends (24%), and coworkers (10%).
Source
@Bitcoin_Ethereum_Altcoins
