**Blockchain Conference in Vienna Tackles Fraud in Digital Assets**

The digital economy's growth brings both benefits and challenges, particularly in combating fraud. This week, Vienna hosts a pivotal conference on financial technology, led by the Austrian National Bank and the Complexity Science Hub. Experts will discuss blockchain's potential in fraud prevention.

Data from the FTC reveals $114 million in Bitcoin ATM fraud in 2023, highlighting the need for robust anti-fraud measures in crypto. Innovative blockchain protocols like CLOSC and CLOLC are emerging to enhance financial auditing and transaction verification.

The conference aims to spotlight blockchain's role in improving security and transparency, crucial for the digital asset community's sustainable growth.