HSBC Australia Blocks Payments to Crypto Exchanges

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HSBC Australia Blocks Payments to Crypto Exchanges

July 25, 2024 Bitcoin.com

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Source: Bitcoin.com

HSBC Australia has announced that it will block all customer payments to cryptocurrency exchanges via credit or debit cards, starting from July 24, 2024. The bank cites the high-risk nature of such transactions as the primary reason for this decision. HSBC Australia claimed scammers frequently exploit cryptocurrency exchanges, making it challenging to recover stolen funds. […]