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ABIB Files Complaint Over ABC’s ‘One-Sided’ Bitcoin Coverage

Key Takeaways

  • The Australian Bitcoin Industry Body (ABIB) filed a complaint alleging that the ABC’s Bitcoin report contained factual errors and bias;
  • The ABIB claims the article portrayed Bitcoin mainly as a criminal tool while ignoring evidence of its positive real-world uses;
  • The ABC has 60 days to respond before the issue can be escalated to ACMA for possible investigation or enforcement.

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ABIB Files Complaint Over ABC’s ‘One-Sided’ Bitcoin Coverage

An Australian cryptocurrency advocacy group has submitted a formal complaint to the Australian Broadcasting Corporation (ABC), with a claim that a December 2 article about Bitcoin BTC $92,820.44 contained factual mistakes and misleading claims.

The Australian Bitcoin Industry Body (ABIB) said the report portrayed Bitcoin mainly as a risky tool for criminals.

According to the group, the coverage focused on fear and drama instead of verified information.

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ABIB stated that 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".

The group also noted that the piece ignored documented examples of Bitcoin’s positive uses, which reduced its analysis to outdated ideas about price changes and US politics.

Through a post on X, ABIB claimed the article’s “one-sided framing” broke ABC’s editorial policies and code of conduct. The organization’s submission identifies which parts of the story it believes should be corrected and lists the specific editorial rules that were breached.

Under ABC’s code of practice, the broadcaster has 60 days to reply to the complaint.

If the ABC does not respond or ABIB is not satisfied with its reply, the matter can be referred to the Australian Communications and Media Authority (ACMA).

The regulator can investigate and, if it finds a breach, may issue a warning, an infringement notice, or make licensing decisions.

On November 30, David Sacks commented on an article by the New York Times that raised concerns about his work advising the White House on AI and cryptocurrency policies. What did he say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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