As you know, Australia is one of several countries that take the entire crypto industry along with blockchain technology as an opportunity and not something that is bad or not beneficial for society. However, it is a well-known fact that a huge number of people continue to avoid cryptocurrencies precisely because of the fear of having their funds stolen. However, Australia has decided to take more significant action against cybercrime and thus joins other countries that have created special task forces to combat cybercrime in order to protect the digital assets of citizens of this country.
Despite the fact that the crypto market is going “sideways”, cybercrime is on the rise and therefore many have welcomed this initiative by Australia with open arms. To be more precise, this initiative was announced by the Australian Federal Police (AFP). Reece Kershaw, AFP Commissioner, the situation commented that crypto provides valuable insight into organized crime. The AFP will also collect data that may have a positive impact on the evolving cryptocurrency regulatory infrastructure itself.