Today news
About the same in other media
ANZ bank settles debanking case with Aussie Bitcoin trader
Reading now: 240
Bitcoiner Allan Flynn has settled his first complaint with the Australia and New Zealand Banking Group (ANZ) over being unilaterally debanked in 2018 due to his occupation as a Digital Currency Exchange (DCE).
The settlement comes 20 months after the Canberra resident first filed complaints with the ACT Civil and Administrative Tribunal against ANZ.
In the settlement, the ANZ noted that it closed his accounts due to the risk of money laundering and terrorism funding (ML/TF) that it perceives among exchanges. It also acknowledged that the act of unbanking Flynn could “have amounted to unlawful discrimination contrary to sections 7(1)(p) and 20 of the Discrimination Act 1991.”
However ANZ denied any liability saying that if it had
Read more on cointelegraph.comAbout this in other media
The other side: A Bitcoin trader’s unflattering views on cryptocurrencies ambcrypto.com /3 years ago
Aussie firm to launch $100M class action over dodgy QOIN token cointelegraph.com /3 years ago
Australian Regulator Gives Thumbs Up to Bitcoin, Ethereum ETFs cryptonews.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
