The Commonwealth Bank of Australia will suspend or restrict payment services related to cryptocurrency exchanges

ChainCatcher news, the Commonwealth Bank of Australia announced that starting from June 8, it will refuse or suspend payments of "certain amounts" to cryptocurrency exchanges to help protect customers from the fraud risks associated with certain payments to cryptocurrency exchanges. Additionally, the bank's users will face a monthly cryptocurrency transaction payment limit of AUD 10,000 (USD 6,650).

Previous news, the Australia and New Zealand Banking Group (ANZ) had prohibited customers from making payments to cryptocurrency exchanges with Binance on May 18. (Source link)