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TechFlow reports that Australian authorities have intensified scrutiny of cryptocurrency, causing banks to hesitate in collaborating with crypto exchanges and companies.
The National Australia Bank (NAB), along with other leading domestic banks including Westpac Banking Corp., Commonwealth Bank of Australia, and Australia & New Zealand Banking Group, has blocked users from making payments to high-risk cryptocurrency exchanges.
Australian authorities have intensified scrutiny of cryptocurrency, causing banks to hesitate in collaborating with crypto exchanges and companies. The National Australia Bank (NAB) has joined other leading local banks—including Westpac Banking Corp., Commonwealth Bank of Australia, and Australia & New Zealand Banking Group—in blocking users from making payments to high-risk cryptocurrency exchanges.
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