Australia's competition regulator on Wednesday said it had initiated proceedings against Airbnb Inc in the country's Federal Court for allegedly misleading consumers on pricing for accommodation in the country. Between January, 2018 and August, 2021, the U.S.-based vacation rental company misled consumers in Australia by displaying prices for accommodation using only the '$' sign, without clarifying that the prices were in U.S. dollars and not in the local currency, the Australian Competition & Consumer Commission (ACCC) said in a statement.
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