National Australia Bank (NAB), one of the 4 largest banks operating in Australia, has blocked transfers to cryptocurrency exchanges that it defines as high risk.
National Australia Bank (NAB) has recently made a transaction through cryptocurrencies. scams announced that it blocked transfers to some cryptocurrency exchanges, citing
Bank in the last 4 months $184 million Australians over the past year due to crypto-related scams while announcing that it has blocked payment 151 million dollars reminded him of his loss.
On the other hand, NAB, within the scope of the new bans, in the next period with the crypto money exchanges. will terminate their cooperation stressed. The bank has reported approximately the number of fraud cases reported to the Australian Financial Crimes Exchange (AUSTRAC) in the last month. 50% of He noted that it is linked to cryptocurrency.
Announcement by the bank which cryptocurrency exchanges No sanctions were specified. A number of organizations in the Australian local media, Binance’s He also claimed that he was among the blocked exchanges. As will be remembered, the Australian Securities and Investment Commission (ASIC) announced on April 6 that Binance’s derivatives exchange You revoked the AFS license had announced.
NAB’s Head of Group Investigations and Fraud Chris Sheehan The following details were included in his statement on the subject:
These scammers are part of organized, international criminal groups. Increasingly, we are seeing them use cryptocurrency platforms to send stolen funds quickly and often overseas.
Another Australian-based banking giant that took action at the beginning of June Commonwealth Bank of Australiasimilarly, citing fraudulent activities made through crypto money, has imposed restrictions on payments made with cryptocurrencies.