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    HomeFinanceAustralian banks say 40% of fraud 'touches' cryptocurrency because it defies restrictions

    Australian banks say 40% of fraud ‘touches’ cryptocurrency because it defies restrictions

    Australia’s crypto trade’s banking woes are more likely to proceed, with the federal government and large banks unwilling to crack down on scammers “touching” the cryptocurrency.

    Throughout Australian Blockchain Week on June 26, Sophie Gilder, the Commonwealth Financial institution’s (CBA) common supervisor of blockchain and digital property, defined the financial institution’s restrictions on cryptocurrency funds, noting that they had been put in place after seeing a troubling course. of scams that ended up in cryptocurrency.

    Commonwealth Financial institution’s Sophie Gilder spoke on a panel at Australian Blockchain Week. Supply: Cointelegraph

    Not an assault on cryptocurrencies

    Proceed studying Coin Telegraph.

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