Apps amp counterfeit trade

Banking Day | 22 February 2021 | Investing

Encrypted messaging app Telegram has turned into an outlet for the sale of counterfeit currency with advertisers pushing the use of illegal notes in everyday transactions.

Banking Day’s attention has been drawn to the fact that various public channels, which can be accessed by any Telegram user, offer currency for sale and then delivery by courier.

It is one of several illicit activities that can be found on Telegram - a platform renowned as the home of extremists of various flavours, gun dealers and drug pushers.

Protesters against the Victorian lockdowns have also used the application to share news, advise the dates and locations of protests, and provide directions on the day of a demonstration.

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