Binance Australia Suddenly Suspends AUD Trading! What’s going on?

The Australian subsidiary of Binance, the world’s largest cryptocurrency exchange, has announced that it is suspending bank transfers in Australian dollars (AUD).

by Binance Australia Thursday, May 18 a day made in the announcementAustralian dollar bank transfers made via PayID has been stopped specified. The statement also added that Australian users using credit or debit cards It was emphasized that they can continue to trade crypto. In addition Peer-to-peer payment method (P2P) is also active operates as

Binance, as the reason for service interruptions local service provider to end support pointed. On the other hand, this disruption caused by the service provider withdrawal via bank transfer It was also stated that it could be reflected in the transactions. Exchange, alternative He said that work is underway to find a service provider:

We regret to inform you that we have discontinued PayID AUD deposits for Binance users due to a decision made by our third party payment service provider. According to the brokerage house’s statement, it is understood that bank transfer and withdrawal transactions will also be affected. We will notify users when this becomes clear. We are working to find an alternative provider to continue offering AUD deposits and withdrawals to our users.

Australian Securities and Investment Commission (ASIC) 6th of April Binance’s revoke derivative license had announced.


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