Leading Australian Banks Allow Customers to Purchase Cryptocurrencies
From Bitcoin.com
Three of Australia’s ‘big four’ banks have issued comments regarding their respective policy positions with regards to their customers’ ability to purchase cryptocurrency using accounts issued by said banks. The statements come weeks after reports surfaced detailing an apparent banking embargo on the part of Australian banks targeting cryptocurrency businesses.Read more: https://news.bitcoin.com/leading-australian-banks-allow-customers-purchase-cryptocurrencies/According to the Australian Broadcasting Corporation, a spokesperson representing Australia and New Zealand Banking Group (ANZ) stated that the bank “does not prohibit customers buying digital or cryptocurrencies, or accepting them as a form of payment.” ANZ’s spokesperson added that the bank “monitors transactions for unusual behavior to protect against potential fraud and in line with our regulatory responsibilities.”
ANZ however, does not provide banking services to “businesses that operate as issuers, dealers or exchanges of digital or cryptocurrency,” with the spokesperson stating that “these businesses are currently unregulated and therefore not within ANZ policy”.
More good news and a recovery to above $8KUSD for Bitcoin today. This is good now let's keep it going!
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Thanks for sharing this news..I like your every post..I love Bitcoin...Resteemit.
Wow, that's an amazing news for Cryptocurrency world to some extent, thanks for shaing this boosting news with us.
Stay Blessed.
If they can purchase cryptocurrency.Why we cant !!??
It is time to go enter the era of crypto.Thanks for good information
Good news about the bitcoin
Leading Australian banks allowing customers to purchase crypto currency is truly a step in the right direction. It looks like we are about to see a huge uptrend in MOST cryptos. What is your favorite crypto??? Thank You for sharing this fantastic information.
i just want to give a around of applause to whoever in in charge of the bank, for not allowing himself and is company get left behind in the dust of the new age. early adopters usually last as long as possible.
While I agree it's a great thing the banks are jumping on board... We'll all have to keep an eye on the government and the laws and policies being drawn up around this movement.
Could this decentralise the currency?
Would this mean taxes being applied?
Possibly not... Just be wary!
However it plays out, if banks do get involved, it will certainly be an interesting time for cryptocurrency....
Great News. Time to invest BTC
This post has received a 5.91 % upvote from @boomerang thanks to: @contentjunkie
Wow they should probably do it in every country too #bitcoin #resteem