Tag: Australian Banks

Bitcoin Is An Ally For Australian Banks To Boycott Apple Pay

Although banks might still not be all that keen on Bitcoin and digital currency in general, they are unable to ignore this trend for much longer. ANZ Business Change and Implementation Manager Max Tannahill is thinking along the same line, as he feels Australian banks should embrace Bitcoin sooner rather than later. Moreover, Bitcoin adoption would put another nail in the coffin of Apple Pay in Australia, which is a …
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Australian Authorities Clear Banks in Bitcoin Account Suspension Probe

The Australian Competition and Consumer Protection Commission (ACCC) has decided that several banks did not violate any statutes in closing the accounts of several digital currency companies across the country. The investigation was prompted when the Australian Financial Times published a scathing piece in September of last year, which claimed that seventeen bitcoin companies had received letters from their banks that stated that they would lose access to their accounts. …
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