Today news
About the same in other media
'Sinister' debanking of crypto traders is often anti-competitive says Senator Bragg
Reading now: 909
Australian banks have been dressing up anti-competitive behavior as regulatory compliance when de-banking crypto customers, Senator Andrew Bragg said.
“I believe many banks have been dressing up de-banking as a regulatory necessity. In fact it is often anti-competitive behavior and far more sinister and threatening than it appears on the surface,” the Liberal Senator for New South Wales said in a prepared address to the Tech Council of Australia tod.
Denial of banking, or debanking, is when a financial institution chooses to no longer offer banking services to a customer. No reason needs to be given, and banks have the ability to freeze an account instantly or shut it down with very little notice. For crypto customers banks often cite
Read more on cointelegraph.comAbout this in other media
Australia: Rest Super may become first pension fund to invest in crypto ambcrypto.com /2 years ago
Proposed tightening of Australian crypto regulations could stifle competition: Kraken cointelegraph.com /3 years ago
Australia mustn’t ‘fear the unknown’ as Senator voices support for DeFi, crypto ambcrypto.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.
