Australian payment service provider Cuscal imposes new restrictions on cryptocurrency exchanges

ChainCatcher news, according to CoinDesk, payment provider Cuscal has imposed new restrictions on Australian cryptocurrency exchanges through its partner Zepto, "the new requirements seem to target only digital currency exchanges."

According to a statement from an Australian blockchain company, some of the requirements include a 24-hour hold on any size of incoming payments, real-time verification of user identities, and unspecified transaction limits on payments to cryptocurrency exchanges. It is currently unclear how many Australian exchanges Cuscal and Zepto provide payment services for, as the data is not publicly available, but there are approximately 400 cryptocurrency exchanges in Australia registered under anti-money laundering and counter-terrorism financing obligations.

Previous news reported that Binance would close its operations and AUD trading pairs in Australia due to the cessation of cooperation with its banking partner, although the specific bank partner was not identified. (Source link)