Australia’s CommonWealth Bank Plays Referee With Crypto

Posted on 06/08/2023

CommonWealth Bank thinks too much wealth is fleeing into crypto, or potentially being misused, and it’s applying the brakes on accountholder cash. Only US$ 6,700 can be used for crypto purchases in a calendar month. There will also be 24 hour holds selectively applied. CommonWealth Bank’s James Roberts, Commonwealth’s Fraud Manager commented on the changes:…

Get News, People, and Transactions, Delivered to Your Inbox