Australian Banks Now Allowing People to Buy Bitcoin - page 2.

criz2fer

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Quote from: stompix on February 09, 2018, 04:11:05 PM

Quote from: silent17 on February 09, 2018, 02:26:29 PM

As the title said,
Some of the important Banks in Australia is allowing their customer to purchase cryptocurrency using their Bank account. Because of this, bitcoin can now be easily purchased in Australia.
Reference Link: https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/

I think this will be the start, hopefully, other banks around the world will follow so we will have a convenient way to buy and selling cryptocurrency to fiat.

Talking about non-news

Quote

ANZ and Westpac, two of the most important banks in Australia are opened to cryptocurrencies. They announced that they will allow customers to freely purchase bitcoin and other digital currencies or accepting them as a form of payment. What the bank will keep doing is protecting customers against potential fraud and other possible scams.

An ANZ spokesperson has explained that they do not provide support or banking services to unregulated businesses like cryptocurrency exchanges or issuers. Westpac has also taken a similar stance with regards to its customers. They will allow them to buy cryptocurrencies with credit cards, but they did not comment on whether the bank was thinking about a prohibitive policy.

They will let you transfer funds to an exchange via your bank account.

Or let me put it this way:
"They will allow you to use your money how you want!!!".
Indeed, a milestone! /s

Like visa debit cards and credit cards, they can directly transfer money like forex trading & binary options tradings. Banks can have a higher fee for the transfer of money to exchangers which they can profit also. This is a good news because. Hope the FUD will be lessen with this positive media feedbacks.

colvis

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that is very incredible and a wise choice to make.... they will never live to regret their action.... how i wish that my own country will do thesame.

benalexis12

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This is great news to our community. Imagine all people in Cryptospace will be more successful. Just wait for a month or a year and get's what we want. Taxes are normal for any exchanges because governments wants to get profitable and wants to help the economy.

OninLoki

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Interesting news and I hope other countries start to study this and patient Australia and Japan foot print in Bitcoin, Kudos. On this it means that bitcoin will become more stable and powerfull cryptocurrency. hekhek Shocked

batang_bitcoin

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And this is what I've been waiting for since last year as there is a rumor before that Australia will legalize bitcoin. So what they will allow to do is you can transfer your bank account balance to an exchange, right?

Quote from: semenencoa on February 09, 2018, 04:40:55 PM

What about AML??? They should protect system from money laundering. Freedom of cryptocurrencies can be very harmful. It creates not only economical freedom for ordinary people, but also for dirty politics, crime, human traffic, drugs and terrorism.

If you'll read the article, at the latter part it says this.

Quote

“To reduce the risk for our customers, and to help protect their money, some card transactions may not be processed,” commented NAB. “We take the protection of our customers’ information and accounts extremely seriously.”

Source: https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/

And so they are aware of those things.

Baofeng

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Quote from: silent17 on February 09, 2018, 02:26:29 PM

As the title said,
Some of the important Banks in Australia is allowing their customer to purchase cryptocurrency using their Bank account. Because of this, bitcoin can now be easily purchased in Australia.
Reference Link: https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/

I think this will be the start, hopefully, other banks around the world will follow so we will have a convenient way to buy and selling cryptocurrency to fiat.

It didn't surprised me at all because Australia is the second country (July 2017) to legalized crypto after Japan. So it really make sense to them to be very lax, including banks and taxes. As for other banks, following their footsteps, I have doubt because we all know that bankers see crypto's as a threat. What we wanted to see more is nations following the footstep of Japan and Australia in embracing bitcoin.

imoet

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homt.net

Quote from: silent17 on February 09, 2018, 02:26:29 PM

As the title said,
Some of the important Banks in Australia is allowing their customer to purchase cryptocurrency using their Bank account. Because of this, bitcoin can now be easily purchased in Australia.
Reference Link: https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/

I think this will be the start, hopefully, other banks around the world will follow so we will have a convenient way to buy and selling cryptocurrency to fiat.

It is a good news Wink

We hope other countries will do the same. If so many banks already accept bitcoin, it means bitcoin will become more powerful in this world. Everyone will be expecting this news will occur in their country. It will be so many advantages for us as the user.

wiro212

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Interesting news .. such likes a progress we are expected. one by one financial institution that is expected to include its cryptocurrency services within one of their services. just waiting for another good news from some countries that are constantly seriously reviewing them policy in applying bitcoin as a payment instrument which recognized in their country.

ngavanngo22

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OPEN GAMING PLATFORM

Good to hear that

. After Japan legalized Bitcoin I think Australian realized the advantages of Bitcoin so they also accept it as well. This will be a big move for Bitcoin and all other cryptocurrency. I think in next month or maybe in the end of this month we will be hear more good news about Bitcoin accepted in more country all over the world

.

Zrs

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It is awesome new for bitcoin users.If all bank accept bitcoin,it will be easy and trust worthy for bitcoin buyers.We do believe that one day all government accept bitcoin as bitcoin has a huge market value.

richardsNY

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Quote from: BurhanPSG on February 09, 2018, 05:52:04 PM

That is one very good news, bitcoin will get stronger with many supporting countries. I also hope that there are many countries that support bitcoin, especially if becomes an official payment tool. surely everyone will be happy.

This has not necessarily something to do with countries or banks supporting Bitcoin at all. It has to do with people being able to do what they want with their own money. It once again shows that people here don't care to read the articles itself, but just purely see the title of a thread, and have that be their only source of information to start writing garbage. Am I being too negative here now? Should I act like all other empty headed posters and celebrate something that I am allowed to use my money how I want to use it? Ok then..... YES! This is absolutely very good news and will help Bitcoin reach $100k before the end of this month. Roll Eyes

neite99

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Australian governments besides banks have allowed people to cash their btc from banks and pay an income tax for the money that comes from crypto which is a sign of adaptation.

sofi@

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Buying bitcoin in my country is not an issue at all even though our government do not support bitcoin market, they did not issue regulations prohibiting bitcoin exchanges and transactions. It is a good thing that country clearly stated and show that they support bitcoin, I hope more country will do the same and help bitcoin community to grow more

BurhanPSG

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That is one very good news, bitcoin will get stronger with many supporting countries. I also hope that there are many countries that support bitcoin, especially if becomes an official payment tool. surely everyone will be happy.

Quantumplation

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Quote from: silent17 on February 09, 2018, 02:26:29 PM

As the title said,
Some of the important Banks in Australia is allowing their customer to purchase cryptocurrency using their Bank account. Because of this, bitcoin can now be easily purchased in Australia.
Reference Link: https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/

I think this will be the start, hopefully, other banks around the world will follow so we will have a convenient way to buy and selling cryptocurrency to fiat.

The large banks like to threat that they are banning Bitcoin then they release the news that they are still debating on it. I don't listen to them anymore.

Baimovic

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I like what the Australian bank has done. this is a good move.

they understand about bitcoin, and I hope other countries can follow the bank of australia.
this means the Australian government already has a special regulation on the use of bitcoin.

they have to perfect the regulation, then bitcoin will give big advantage for australia.

iagyei259

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This is positive news for cryptocurrencies. If other banks follows through, it can help bitcoin and other alternatives currencies in the future.

ShowOff

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Quote from: silent17 on February 09, 2018, 04:41:23 PM

Quote from: jak3 on February 09, 2018, 02:41:21 PM

That's very good news and The Central Bank of India (rbi) has also started accepting it. I think all the banks are planning to take a large amount of tax from all the Bitcoiner and other cryptocurrency users. Although the article did search everything still I doubt that some UK banks do accept Bitcoin payments or not. Because some days ago all the banks are trying to ban Bitcoin but all of a sudden most banks started accepting cryptocurrencies I don't know what they are after but and sure they are planning something. But at least now people will have some faith in us and they will join the Bitcoin community and will ride the roller coaster with us.

I was thinking the same way, I think banks top management did this so that the price of BTC will go down, and now they are starting to accept it because I think they also want to participate in it, They just wanted to buy from the deep in order for them to profit.

1 thing that they want, profit. if they really take any tax about bitcoin transaction it will be good for them and it will be good for bitcoin user because it will have any regulation. it is still better than banned bitcoin without any logical reason

sidebyside

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Well this is really good news for bitcoin. It increases the trust of users with bitcoin. It opens up new hopes for the development of bitcoins. I am sure the value of bitcoin will soon be restored. Hopefully many banks will accept bitcoin ... Bitcoin is growing in a better direction.

silent17

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Quote from: jak3 on February 09, 2018, 02:41:21 PM

That's very good news and The Central Bank of India (rbi) has also started accepting it. I think all the banks are planning to take a large amount of tax from all the Bitcoiner and other cryptocurrency users. Although the article did search everything still I doubt that some UK banks do accept Bitcoin payments or not. Because some days ago all the banks are trying to ban Bitcoin but all of a sudden most banks started accepting cryptocurrencies I don't know what they are after but and sure they are planning something. But at least now people will have some faith in us and they will join the Bitcoin community and will ride the roller coaster with us.

I was thinking the same way, I think banks top management did this so that the price of BTC will go down, and now they are starting to accept it because I think they also want to participate in it, They just wanted to buy from the deep in order for them to profit.

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