The Blockchain Association of Australia called in June attention to local banks’ choice to limit cryptocurrency investors’ opportunities, noted by the organization’s head, Jackson Zeng, as an infringement on the economic freedom of Australians.
The National Australia Bank (NAB) has also joined the trend this week by suspending partnerships with crypto exchanges, citing the need to protect customers who invest in high-risk instruments such as cryptocurrencies due to their usage by criminal communities.
The NAB has also stated they will soon release a list of exchanges it will no longer work with – their decision following Westpac and Commonwealth Bank’s recent move to stop servicing accounts linked to the Binance exchange.
