In June, the Blockchain Association of Australia called on local banks to re-engage with cryptocurrency exchanges.
As the head of this organization Jackson Tseng noted, the decision of credit institutions to limit the opportunities of crypto-investors undermines the economic freedoms of Australians. Every citizen of the country has the right to independently dispose of their capital, including the purchase of digital assets.
However, banks have no plans to abandon the restrictive regime just yet. This week, National Australia Bank (NAB) said it was suspending its partnership with bitcoin exchanges.