Crypto lobby slams ABC’s ‘sensational’ Bitcoin article in complaint

Australia’s government-funded national broadcaster, which has on average over 12 million people in its readership, released a report on Tuesday painting Bitcoin as a tool of criminals with no real use or purpose.

The Australian Bitcoin Industry Body (ABIB), a crypto industry group, says it has filed a formal complaint against the Australian Broadcasting Corporation, to correct a recent article contained several misrepresentations and factual errors about Bitcoin. 

In its complaint, ABIB claimed that the article painted Bitcoin (BTC) as volatile, a tool for criminals, and ignored the benefits of Bitcoin for energy grids and humanitarian purposes. 

“The article misrepresented Bitcoin’s purpose, conflated it with criminal activity, omitted long-standing publicly available information, and relied on sensational language rather than evidence to inform readers,” ABIB alleges. 

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