Australian’s Biggest Lender Plans to Curb Payments to Crypto Exchanges

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Australia’s banking sector is making it harder to transfer funds to cryptocurrency exchanges, citing the risk of scams.

The latest step came from Commonwealth Bank of Australia, which plans to impose a A$10,000 ($6,663) monthly limit on payments to digital-asset trading platforms. Some transfers will be held for 24 hours or declined, the lender also said in a statement on Thursday.

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