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The National Bank of Australia (NAB) now limiting Crypto Exchanges

All Cryptocurrencies

by COINS NEWS 193 Views

Source: https://www.nab.com.au/about-us/security/cryptocurrency-transaction-changes

The NAB on the 18 July 2023, has released a statement that they are going to be limiting the transfer of money from NAB to crypto exchanges

We're protecting you from scammers by restricting transactions made to high-risk cryptocurrency exchanges.

Similarly to Commonwealth Bank, reasoning there is no definition of blacklisted exchanges
https://www.smh.com.au/business/banking-and-finance/crypto-crackdown-for-commonwealth-bank-customers-in-anti-scam-move-20230608-p5df4y.html

What are people's thoughts, seems like the banking system is making it harder to on-ramp?

submitted by /u/skivvey
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