In their recent announcement, Westpac, the oldest bank in Australia, has revealed its decision to implement a transaction block on all activities involving Binance, the popular cryptocurrency exchange. With a focus on investor protection, WestPac aims to shield its customers from potential scams and fraudulent schemes, as stated in its official Press Release.
To corroborate the same, the Australian division of Binance also announced that specific customers would experience limitations on their ability to deposit or withdraw funds. This restriction arose due to a third-party service provider terminating services.
Binance took to social media to announce that users would no longer be able to deposit Australian dollars via bank transfers due to the actions of payments provider Cuscal, effective immediately.
Additionally, Binance indicated that withdrawals would be temporarily suspended without providing…
