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Mon, Apr 5, 2021 6:56 PM by Coinfomania

Australian Exchange MyCryptoWallet Risks ASIC Investigation Following User Complaints

MyCryptoWallet, a Melbourne-based cryptocurrency exchange, may have to go through regulatory assessments following negative reviews and complaints from several of its users, The Sydney Morning Herald reported Monday. Many users of the exchange reported that it went dark for more than a year, leaving customers unable to access their bitcoin worth up to thousands of dollars and some users even lost their funds during transfers, resulting in a request for investigation from the Australian Securities and Investments Commission (ASIC) or  the Australian Transaction Reports and Analysis Centre (AUSTRAC). Other users have also complained about the inability to trade due to issues

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