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Major Australian bank to decline ‘certain’ payments to crypto exchanges

Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing the risk of scammers.

The move comes amid two major global exchanges facing a lawsuit from the United States securities regulator and is just a few weeks after another major Australian bank, Westpac, banned customers from transacting with crypto exchange Binance.

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