{"id":82379,"date":"2023-07-31T09:48:30","date_gmt":"2023-07-31T06:48:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82379"},"modified":"2025-09-12T04:41:20","modified_gmt":"2025-09-12T01:41:20","slug":"australian-bendigo-bank-restricts-transfers-to-bitcoin-exchanges","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/australian-bendigo-bank-restricts-transfers-to-bitcoin-exchanges\/","title":{"rendered":"Australian Bendigo Bank restricts transfers to Bitcoin exchanges"},"content":{"rendered":"<p>One of Australia\u2019s largest banks \u2014 Bendigo Bank \u2014 announced the blocking of &#8216;high-risk crypto payments&#8217; to protect customers from fraud. This is reported by <a href=\\\"https:\/\/cointelegraph.com\/news\/bendigo-bank-crypto-blocks-pushes-australians-offshore-chainalysis\\\">Cointelegraph<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>Representatives said that Bendigo Bank has introduced new rules \u2014 some transfers to cryptocurrency exchanges are flagged as high-risk and blocked. The bank did not disclose details and did not specify which platforms&#8217; transactions might be affected by the restrictions.<\/p>\n<p>\\n\\n<\/p>\n<p>On the organization\u2019s site in the &#8216;Scams&#8217; section, it <a href=\\\"https:\/\/www.bendigobank.com.au\/security\/scams\/\\\">stated<\/a> that investment scams will masquerade as offers to buy cryptocurrency (for example, Bitcoin), business projects, pension schemes, managed funds and the sale or purchase of shares or property.<\/p>\n<p>\\n\\n<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh5.googleusercontent.com\/T7B1nZ7j16XFSxlp46epUqqbvVpW364D44i-DtaRsY1SFGKX_vb2IKtsZv39olPM-WVDLj0PSoTfX4Cg2qOA7FaWQc52gpLTJQarhC5CqP_trYXCknsodxoLvQYU9G_OXQgWnSRaQF2Geh_QrR5O7WY\\\" alt=\\\"Australian Bendigo Bank restricts transfers to Bitcoin exchanges\\\"\/><figcaption class=\\\"wp-element-caption\\\">Data: Bendigo Bank.<\/figcaption><\/figure>\n<p>\\n\\n<\/p>\n<p>Earlier, measures limiting customers&#8217; ability to send funds to cryptocurrency exchanges were <a href=\"https:\/\/forklog.com\/en\/news\/australias-largest-bank-imposes-limits-on-cryptocurrency-transfers\">introduced<\/a> by the Commonwealth Bank of Australia.<\/p>\n<p>\\n\\n<\/p>\n<p>In April, the Australian regulator <a href=\"https:\/\/forklog.com\/en\/news\/australian-regulator-cancels-binance-australia-derivatives-license\">revoked<\/a> the Binance subsidiary&#8217;s license. Later, the authorities <a href=\"https:\/\/forklog.com\/en\/news\/australian-regulator-annuls-ftx-license\">took<\/a> a similar step against the local unit <a href=\"https:\/\/forklog.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\">of the collapsed cryptocurrency exchange FTX<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>In July, Bloomberg sources <a href=\"https:\/\/forklog.com\/en\/news\/australian-regulator-conducts-searches-at-binance-australia-office\">reported searches<\/a> at the Binance Australia office as part of a probe into derivatives.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, the division <a href=\"https:\/\/forklog.com\/en\/news\/binance-australia-suspends-aud-deposits\">notified<\/a> of the suspension of top-ups to accounts in local dollars due to actions by the payment service provider.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of Australia\u2019s largest banks \u2014 Bendigo Bank \u2014 announced the blocking of &#8216;high-risk crypto payments&#8217; to protect customers from fraud.<\/p>\n","protected":false},"author":1,"featured_media":82380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[108,1229,1412,36],"class_list":["post-82379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-australia","tag-banks-and-fintech","tag-bans-and-restrictions","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=82379"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82379\/revisions"}],"predecessor-version":[{"id":82381,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82379\/revisions\/82381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/82380"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=82379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=82379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=82379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}