Australian banks declare 40% of scams ‘contact’ crypto because it defends restrictions

Australia’s cryptocurrency trade banking woes will probably proceed, with the federal government and main banks signaling no intention to again down towards scams that “contact” crypto.

Throughout a panel on the Australian Blockchain Week on June 26, Sophie Gilder, managing director of blockchain and digital property at Commonwealth Financial institution (CBA) make clear the financial institution’s restrictions on crypto alternate funds, noting it was put in place after seeing an alarming price of scams that ended up involving cryptocurrency.

Not an assault on crypto

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