Australian Crypto Industry Fights Back Against Bank Restrictions
The crypto industry in Australia faces challenges lately. Banks have been imposing restrictions on crypto payments and this has not been well received by industry stakeholders. In an effort to tackle this issue, Blockchain Australia, the industry body that represents the blockchain industry in Australia, has decided to take a stand against these restrictions. Blockchain Australia has called out these restrictions and has said that it wants to tackle the issue “head-on by using real data.”. Despite these reasons, the decision by banking institutions to restrict millions of their customers from making payments to cryptocurrency exchanges has been widely criticized by industry stakeholders.