Австралийская ассоциация биткоин-индустрии обвиняет ABC News в нарушении журналистских стандартов Translation: Australian Bitcoin Industry Association accuses ABC News of violating journalistic standards.

The Australian Bitcoin Industry Association (ABIB) has lodged a formal complaint against ABC News over an article regarding the downturn in the cryptocurrency market, which it claims contains «numerous factual inaccuracies» and presents a «biased interpretation.»

ABC News is a government-funded public broadcaster in Australia and the largest media organization in the country. On December 2, journalists released a controversial piece that analyzed the recent volatility of digital assets. The article specifically questioned the utility of the first cryptocurrency.

«Conceived nearly 18 years ago by the enigmatic Satoshi Nakamoto […] Bitcoin has failed to fulfill any of its stated objectives and lacks any practical application,» the article asserted.

The author characterized digital gold as a tool «for those operating in the shadows,» clarifying that its role has been usurped by stablecoins such as USDT.

In its complaint, ABIB states that the publication breaches the editorial policy and Code of Conduct of ABC itself.

«The article distorted the purpose of Bitcoin, confused it with criminal activity, overlooked readily available information, and relied on sensational language rather than evidence to inform readers,” noted the activists.

The group’s correspondence cites each error and discrepancy in the article. ABIB representatives are demanding that corrections be made.

The organization further mentioned that they frequently receive inquiries from members of the public who are «frustrated by the persistent misrepresentation of cryptocurrency information in Australian media, particularly from government entities mandated by law to provide accurate and impartial journalism.»

To recall, in September, U.S. President Donald Trump filed a $15 billion defamation lawsuit against The New York Times and book publisher Penguin Random House due to attacks on his meme token.