Choice has called for tighter financial regulation of crypto investments in Australia as stronger volatility than normal hits the market

More than 10 per cent of Australians have bought or sold crypto currency.

Choice senior policy and campaigns advisor Patrick Veyret told Gareth Parker on 6PR Breakfast that “pump and dump” strategies banned from the ASX and other stock exchanges were now being seen in crypto markets.

“There should be stronger obligations to ensure they are playing by the same rules as other markets in Australia,” he said.

“If you go to a business and they do you wrong, you have recourse through the law but right now you don’t have that recourse with crypto players.”

Press PLAY below to hear Veyret’s full interview with Gareth Parker