Top 10 Australian Cryptocurrency Exchanges to Buy Crypto and Bitcoin

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NAB Blocks Transfers to Cryptocurrency Exchanges

Reading Time: 2 min National Australia Bank (NAB) has announced that it will be blocking transfers to cryptocurrency exchanges starting July 18, 2023. The bank cited concerns about the risks associated with cryptocurrency trading, including volatility, fraud, and money laundering. The decision is likely to have a significant impact on the Australian cryptocurrency market, making it more difficult for Australians to buy and sell cryptocurrencies.

July 18, 2023
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Rumours Surround Justin Sun and TUSD – Seperating Fact from Fiction

Reading Time: 2 min In recent months, there have been rumors circulating that Justin Sun, the founder of Tron, is secretly the owner of the stablecoin TUSD. These rumors have been fueled by a number of factors, including Sun’s close ties to TUSD’s issuer, Tether, and his history of making controversial statements about the stablecoin.

If the rumors are true, it would be a serious breach of trust. TUSD is a popular stablecoin, and its users would be right to be concerned if it was being manipulated by a single individual.

It is important to wait for more information before making any conclusions about the rumors regarding TUSD and Justin Sun. However, the rumors have raised important questions about the transparency and stability of the stablecoin market.

July 18, 2023

Binance Australia Suspends AUD Deposits as Westpac Blocks the Exchange

Reading Time: 2 min Binance Australia, the local arm of the world’s largest cryptocurrency exchange, has suspended deposits of Australian dollars (AUD). The company said the move was necessary due to “unforeseen circumstances.”

Binance Australia did not provide any further details about the circumstances that led to the suspension. However, it is believed that Westpac, one of Australia’s largest banks, has blocked payments to Binance Australia.

Westpac has not confirmed or denied that it has blocked payments to Binance Australia. However, the bank has a history of blocking payments to cryptocurrency exchanges. In 2017, Westpac blocked payments to several cryptocurrency exchanges, including Bitfinex and Kraken.

May 19, 2023
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Cryptocurrency Exchanges Are Exiting Countries With Slow Regulation

Reading Time: 4 min As cryptocurrency exchanges face increasing regulatory scrutiny, some are exiting countries with slow regulation. This could have a negative impact on the cryptocurrency industry, making it more difficult for people to access cryptocurrencies and driving cryptocurrency trading underground. The cryptocurrency industry needs to work with regulators to develop a clear and consistent regulatory framework.

May 14, 2023
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Australian Cryptocurrency Exchanges that Have Audited Proof of Reserves

Reading Time: 3 min Proof of reserves is important for a number of reasons. First, it helps to build trust with customers. When customers know that an exchange has the assets it claims to have, they are more likely to use that exchange. Second, providing proof of reserves can help to prevent fraud. If an exchange is caught lying about its holdings, it could face legal penalties. Third, providing proof of reserves can help to improve the reputation of the cryptocurrency industry. When exchanges are transparent about their holdings, it helps to dispel the myths and misconceptions about cryptocurrencies.

May 10, 2023

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