Blockchain Association of Australia calls on banks to re-engage with exchanges Australian authorities are tightening control over the digital currency market. The central bank in March began asking banking institutions for information about customers and their accounts, which are used to replenish bitcoin exchanges and withdraw funds. Recently, several Australian credit institutions have suspended their cooperation with virtual currency platforms. Banks motivated their decision by the risks of fraud and violation of anti-money laundering legislation. However, the Blockchain Association of Australia has strongly opposed such restrictions. The organization called on banks to resume serving customers investing in digital assets. Head
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Author: NixCoin