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Facebook for scam crypto ads

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On Friday, the Australian Competition and Consumer Commission (ACCC) said it had instituted federal court proceedings against Facebook owner Meta Platforms, Inc.

“The ACCC alleges that this conduct was in breach of the Australian Consumer Law (ACL) or the Australian Securities and Investments Commission Act (ASIC Act),” the Australian regulator said in a statement. “It is also alleged that Meta aided and abetted or was knowingly concerned in false or misleading conduct and representations by the advertisers.

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