Westpac Limits Crypto Exchange Payments to Fight Fraud
Key Highlights: Westpac is enforcing a cumulative monthly limit of A$10,000 across relevant products and payment methods to identified cryptocurrency exchanges. The bank has ruled out limit increases and exemptions while completely ending in-branch payment support for identified exchange transfers. Customer withdrawals from digital asset exchanges into Westpac accounts remain unaffected by the policy. Westpac ...