Victorians should stop trading “unfairly” in “unjust” cryptocurrencies like bitcoin, a new report from the Australian Securities and Investments Commission says.
The commission released its findings on Tuesday.
“It’s not only unfair to consumers, it’s also unfair to the market,” said commission chairman Michael Howard.
“You have to have some level of integrity in your investment decisions.”
The commission, which is investigating cryptocurrencies, said the price of bitcoin has soared since it was released in November.
The price of one bitcoin hit $1,100 last week, a record for a cryptocurrency.