Australian banks claim 40% of scams ‘touch’ crypto as it defends restrictions
Cointelegraph
Published Jun 27, 2023 01:24AM ET
Updated Jun 27, 2023 11:20PM ET
Australia’s cryptocurrency industry banking woes will likely continue, with the government and major banks signaling no intention to back down against scams that “touch” crypto.
During a panel at the Australian Blockchain Week on June 26, Sophie Gilder, managing director of blockchain and digital assets at Commonwealth Bank (CBA) shed light on the bank's restrictions on crypto exchange payments, noting it was put in place after seeing an alarming rate of scams that ended up involving cryptocurrency.
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Written By: Cointelegraph
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