Australian advocacy group files formal complaint, saying the broadcaster relied on outdated claims and overlooked verified data.
A leading Australian crypto lobby has submitted a formal complaint to the national public broadcaster, arguing that a recent report offered a distorted and inncomplete picture of Bitcoinn. The group claims the article leaned on sensational narratives rather than current evidence, prompting concerns about accuracy in widely consumed public media.
The Australian Bitcoin Industry Body (ABIB) stated that the broadcaster’s piece portrayed Bitcoin as a tool for criminals and dismissed its broader utility. According to the group, the article failed to acknowledge well-established data showing that only 0.14% of on-chain transactions in 2024 were linked to suspected illicit activity, a figure far lower than estimates associated with fiat currencies.
ABIB argues the article also overlooked Bitcoin’s role in supporting energy-grid efficiency and humanitarian initiatives. Its complaint lists sections it believes breached editorial standards, with the broadcaster having 60 days to respond. If unresolved, the matter may be escalated to the national media authority for potential investigation.
Debate Over Bitcoin’s Purpose and Adoption
The contested report further claimed Bitcoin had not achieved itts intended goals and lacked practical relevance. Industry figures disagree, pointing to expanding institutional participation. Public companies, funds, and national treasuries collectively hold over 3.7 million Bitcoin, reflecting increasing adoption as a long-term asset.
ABIB says it regularly receives public inquiries about mischaracterizations of Bitcoin in mainstream coverage and urges more balanced reporting. The group maintains that responsible journalism should reflect the full spectrum of documented evidence rather than rely on outdated assumptions.
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