The Australian Bitcoin Industry Body (ABIB) has filed a formal complaint against the Australian Broadcasting Corporation (ABC) for inaccuracies and bias in its reporting on Bitcoin. ABIB argues that the article unfairly portrays Bitcoin as being solely associated with criminal activity while ignoring its legitimate use in energy, remittances, and sovereign reserves. The industry body cites specific instances of misleading framing, including highlighting Bitcoin’s price volatility and ignoring its broader applications.
ABIB calls for corrections and engagement with experts on the subject. This complaint comes amidst a growing trend of crypto adoption in Australia, as evidenced by the country’s 2025 cryptocurrency adoption rate exceeding 31%, according to the a16z State of Crypto 2025 report.
The ABIB also notes that these concerns are not isolated and have been raised previously. The complaint specifically points out ABC’s emphasis on Bitcoin’s volatility and US political ties, while neglecting its positive applications. ABIB emphasizes the responsibility of public institutions like ABC to provide accurate journalism for informed public understanding.
Australia is taking concrete steps towards regulating digital assets with new exchange regulations implemented in 2025. These measures, including licensing requirements for crypto exchanges and guidance from the Australian Securities and Investments Commission (ASIC), aim to promote responsible growth in the market while ensuring consumer protection.