Binance Australia suspends Australian dollar bank transfers
Binance Australia suspends Australian dollar bank transfers
The Australian division of cryptocurrency exchange Binance announced that it has banned bank transfers in Australian dollars using PayID due to a decision made by its third-party payment service provider.
Despite the problems with its local service provider, the cryptocurrency exchange announced that its Australian clients can still buy and sell cryptocurrencies using their bank cards, and its P2P trading platform continues to operate as usual.
However, Binance assured users on its Twitter page that it is actively looking for an alternative provider to continue depositing and withdrawing funds in Australian dollars.
It is worth noting that this suspension comes after the Australian Securities and Exchange Commission took a series of harsh measures against Binance Australia.
Earlier, we wrote that cryptocurrency exchange Binance launched the Rewards Hub.
Founded in Hong Kong in 2017, Binance is not only one of the largest cryptocurrency exchanges but also a platform for creating cryptocurrency business projects. The crypto exchange has its own platform based on the TradingView toolkit, and there is a Maker/Taker rewards grid for active traders.
