According to Cointelegraph, the Australian Securities and Investments Commission (ASIC) stated in its newly released "Enterprise Plan" that it will pay special attention to fraud and encrypted assets, and some of its actions will include raising public awareness of the risks inherent in encrypted assets and decentralized finance. . ASIC chairman Joe Longo said Scamwatch, a website that provides consumers and businesses with information on identifying, avoiding and reporting scams, received 4,783 reports of crypto investment scams and $99 million in reported losses in 2021. "Regulation is coming, but we have to design a framework that works for us and works within our existing legal and regulatory arrangements," Longo said.