TechFlow news, according to Cointelegraph, Bendigo Bank, Australia's fifth-largest bank, has announced a ban on "high-risk cryptocurrency payments," becoming the fourth major bank in the country to take such action. Bendigo Bank stated the decision aims to protect customers from investment scams and emphasized strengthening safeguards for its 2.3 million customers. The bank has already implemented new rules restricting real-time payments to cryptocurrency exchanges. Further specific details have not yet been disclosed.
Earlier this year, Commonwealth Bank of Australia, National Australia Bank (NAB), and Westpac also took similar measures.
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