Australia’s Powr Ledger on Problems for Paying Reviews

Australia’s Powr Ledger on Problems for Paying Reviews

Australian Blockchain startup Powr Ledger has received sanctions as Securities Commissioners and trade experts found the company paid for glowing reviews.

Reviews and comments were saying that peer-to-peer electricity-trading startup Powr Ledger attracted the interest of Elon Musk, the founder of Tesla, were false and paid for the Australian company, according to an article recalled by the local newspaper Financial Review.

Among other false claims, “the Australian company rewarded spruikers with free allocations of its power token, but denies responsibility for their embellishments,” says the media.

On the other hand, “Powr Ledger chairman Jemma Green maintains that spruikers posted the misleading reviews while operating outside of its control,” the report affirmed.

In this framework, Australian Securities and Investments Commission head John Price stated that all paid reviews or marketing actions should be disclosed.

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

Australia,Blockchain,Cryptocurrency,Technology

June 2025 Crypto Updates: Navigating the Market’s Next Moves

Australian Blockchain startup Powr Ledger has received sanctions as Securities Commissioners and trade experts found the company paid for glowing reviews. Reviews and comments were saying that peer-to-peer electricity-trading startup Powr Ledger attracted the interest of Elon Musk, the founder of Tesla, were false and paid for the Australian company, according to an article recalled […]

4 June, 2025
Australia,Blockchain,Cryptocurrency,Technology

Regulatory Overhaul: Crypto Assets as Financial Products

Australian Blockchain startup Powr Ledger has received sanctions as Securities Commissioners and trade experts found the company paid for glowing reviews. Reviews and comments were saying that peer-to-peer electricity-trading startup Powr Ledger attracted the interest of Elon Musk, the founder of Tesla, were false and paid for the Australian company, according to an article recalled […]

25 May, 2025
Australia,Blockchain,Cryptocurrency,Technology

Discover the Top AI Tokens to Watch in 2025 for Future Growth

Australian Blockchain startup Powr Ledger has received sanctions as Securities Commissioners and trade experts found the company paid for glowing reviews. Reviews and comments were saying that peer-to-peer electricity-trading startup Powr Ledger attracted the interest of Elon Musk, the founder of Tesla, were false and paid for the Australian company, according to an article recalled […]

19 May, 2025
Australia,Blockchain,Cryptocurrency,Technology

World Liberty Financial’s Crypto Ventures Hit Hard by Market Turmoil

Australian Blockchain startup Powr Ledger has received sanctions as Securities Commissioners and trade experts found the company paid for glowing reviews. Reviews and comments were saying that peer-to-peer electricity-trading startup Powr Ledger attracted the interest of Elon Musk, the founder of Tesla, were false and paid for the Australian company, according to an article recalled […]

29 April, 2025
Australia,Blockchain,Cryptocurrency,Technology

Trump’s Crypto Summit: A New Era for Cryptocurrency Regulations

Australian Blockchain startup Powr Ledger has received sanctions as Securities Commissioners and trade experts found the company paid for glowing reviews. Reviews and comments were saying that peer-to-peer electricity-trading startup Powr Ledger attracted the interest of Elon Musk, the founder of Tesla, were false and paid for the Australian company, according to an article recalled […]

29 April, 2025
Australia,Blockchain,Cryptocurrency,Technology

Bitcoin Defies Market Trends, Shows Strong Resilience Amid Stock Market Turmoil

Australian Blockchain startup Powr Ledger has received sanctions as Securities Commissioners and trade experts found the company paid for glowing reviews. Reviews and comments were saying that peer-to-peer electricity-trading startup Powr Ledger attracted the interest of Elon Musk, the founder of Tesla, were false and paid for the Australian company, according to an article recalled […]

7 April, 2025
Australia,Blockchain,Cryptocurrency,Technology

Exploring the Future of Bitcoin: The Evolution of Open Source P2P Money

Australian Blockchain startup Powr Ledger has received sanctions as Securities Commissioners and trade experts found the company paid for glowing reviews. Reviews and comments were saying that peer-to-peer electricity-trading startup Powr Ledger attracted the interest of Elon Musk, the founder of Tesla, were false and paid for the Australian company, according to an article recalled […]

7 April, 2025
Australia,Blockchain,Cryptocurrency,Technology

Bitcoin and stock market crash

Australian Blockchain startup Powr Ledger has received sanctions as Securities Commissioners and trade experts found the company paid for glowing reviews. Reviews and comments were saying that peer-to-peer electricity-trading startup Powr Ledger attracted the interest of Elon Musk, the founder of Tesla, were false and paid for the Australian company, according to an article recalled […]

7 April, 2025