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Australian Bank Westpac Caps Crypto Payments at A$10,000 Per Month Starting December
(2 hours ago) · 1 source · Summarized by CryptoBipto
Westpac, one of Australia's largest banks, has announced it will impose a monthly cap of A$10,000 on payments to cryptocurrency exchanges starting in December. The restriction limits how much money customers can transfer from their Westpac accounts to crypto platforms each month.
WHY IT MATTERS
When you buy cryptocurrency, you typically transfer money from your regular bank account to a crypto exchange — a platform where you can trade digital currencies.
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SOURCES
- thedefiant.io
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Banking RestrictionsCrypto PaymentsAustralian RegulationConsumer Protection