Australia's Major Bank To Decline Payments To Crypto Exchanges
This comes as a result of lawsuits faced by two major global cryptocurrency exchanges – Binance and Coinbase from the United States the Securities and Exchange Commission (SEC). advertisement Moreover, this move comes after another prominent Australian bank, Westpac, prohibited its customers from engaging in transactions with Binance . According to statement released by the Commonwealth Bank on June 8, it would decline or impose a 24-hour hold on “certain payments to cryptocurrency exchanges.” Reporting from @jessicasier @FinancialReview that @CommBank have banned AUD transfers to “high-risk” crypto exchanges & limited transactions with others to $10k per month, with a 24 hr delay. $700k per day leaves CBA as scammed money heading to crypto. Banks & the crypto industry… Recommended Articles Crypto Presale Projects For 202...