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HSBC Australia has decided to block customer payments to cryptocurrency exchanges starting July 24, 2024. The bank claims it's all about protecting you from scamsâafter all, Aussies lost a whopping $171 million to investment scams in 2023! đ±
But don't worry, your crypto dreams aren't dead. You'll just need to find a new way to fund them. HSBC's move follows similar actions by Australia's "Big Four" banks and Bendigo Bank.
What do you think? Is this a smart move or a crypto buzzkill? Drop your thoughts in the comments! đŹ
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