Topic: bank on australian allow customers to purchase cryptocurrencies - page 2. (Read 547 times)
At least that could be good news that can boost the image of crypto currency in the world community that has started many countries that legalize bitcoin, not without reason the country legalize bitcoin need a study that does little with regard to the impact of the crypto currency itself,
news from this country is not very influential, China is still a legit news to make bitcoin bubble. during the Chinese New Year to finished bitcoin doesn't being a bubble
Influential or not, still a news that would possibly be a moving force in the market since it's still positive no matter how you look at it. Good for our Aussie mates since here in our country (Philippines), once they found out that your funds came from a service that deals with crypto, they'd block your account without any warnings just like what happened to our supplier of video cards here. The bank (BDO) noticed that the person cashes in millions every month and the funds came from an exchange. In return, the bank suspended the account due to it receiving funds from "unknown sources" that could come from "illicit activities and fraud". Such a shame though, but I guess that's what would happen if a certain entity isn't doing their own research.
Thats a shame that even though person had a decent way of earning money from cryptocurrency there are banks that will suspend your account for unknown malicious reason, but considering the Philippines where there are multiple million dollar scams and political corruption you still cannot blame the banks. However the move of Australia's banks to make purchases and possible convert them to fiat directly is a very good move for their countries advancement in the cryptocurrency market and at least many countries would follow their steps.
This is great news for all crypto economy. Small countries are always the first to introduce new technologies, and large ones will soon begin to catch up.
This is indeed good news. The more a country encourages crypto currencies to it's people, the more people will buy it. Of course the more people buying crypto currencies the demand increases and the price jacks up. I just hope they stay on track on this and other countries follow suit so we can all enjoy a decentralized era.
news from this country is not very influential, China is still a legit news to make bitcoin bubble. during the Chinese New Year to finished bitcoin doesn't being a bubble
Maybe Australia isn't that influental but China is not the only important county for Bitcoin also and the influence of China is exaggerated.
I think it's not impossibe that some other countries also follow the example of Australia, this could be something that could encourage them to make some similar moves. Anyway, it's a good news.
Well atleast few by few I could say that the world is adopting the cryptocurrency which has a good impact for price stablization specially bitcoin. The real purpose of bitcoin becomes attainable because of this matter.
This should never have been an issue in the first place - any bank or financial institution that tells me I can't spend my OWN money on whatever I want can go and get fucked. If I want to spend my life savings on cryptos or beer and hookers that's my business.
You are right you can buy crypto, drugs, smuggled goods etc. because you have your freedom but when your country declare it to be illegal then you might end up to jail. Its hard do business in jail mate.
This should never have been an issue in the first place - any bank or financial institution that tells me I can't spend my OWN money on whatever I want can go and get fucked. If I want to spend my life savings on cryptos or beer and hookers that's my business.
Wow that's great news! Other countries will follow what Australia has done. I think Cryptocurrencies is very bullish in the next few months and years. Early adopters will be rich as hell. Countries who adopt early will be the next big thing.
Great news to the Crypto currency investor in this country. Any acceptance on Crypto currency transaction by the Banking institution is a great news and welcoming development for crypto investor, easy access to transact business with this bank regarding investment, buying and selling, or even trading on the market with the crypto currency. I am looking forward that another bank will follow thru, with the growing acceptance of crypto currency transaction globally, it increase the level of awareness of digital transaction, which maybe have some influence to the future investor coming in.
Wow that's great news! Other countries will follow what Australia has done. I think Cryptocurrencies is very bullish in the next few months and years. Early adopters will be rich as hell. Countries who adopt early will be the next big thing.
A welcome move of an Australian Bank for crypto currency or Bitcoin user, with this move, the level of acceptance on digital currency is increasingly moving forward. Once the resistance of Financial institution or the Business community of each Government address the issue on Regulation it will have beneficial effects on the nature of Crypto currency transaction globally. The implementation of Anti Money Laundering Laws of the World Bank, to control the amount of Money transaction entering the banking system is the main reason why crypto currency transaction facing the resistance on Regulation.
Article Link: https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/
Some of the important Banks in Australia is allowing their customer to purchase cryptocurrency using their Bank account Kudos. This will be a good news on our part Bitcoin will became stable and I assume some country will be patient Japan and Australia. So to all panic user just calm and feel the bubble again of bitcoin.
Wow that's great news! Other countries will follow what Australia has done. I think Cryptocurrencies is very bullish in the next few months and years. Early adopters will be rich as hell. Countries who adopt early will be the next big thing.
Its a good news for all Bitcoin user, one bank is welcoming then, another and another bank will soon. The global awareness on Bitcoin is growing each day, be it on the social media, business community or financial institution run by the government. this news will definitely have an effects on the global market. Any banking institution accepting Bitcoin transaction is always a welcome news not only on the Regulation issues, Almost every world bank of the country, implement the Anti Money Laundering Laws intended to Regulate the amount of money transaction entering there Bank.With the move of an Australian Bank perhaps the issue on Regulation will be resolved soon.
Great to hear the news like that, if I understood correctly the thing you are saying here. I would like to have that bank in my area
i hope bank in my country have same things, corporation with local bank is very helpfull for crypto
surely this is good news for the citizens of australia if indeed the government encourages every citizen to invest in crypto. I think this is a step that should be followed by other countries that will provide space for crypto so that every citizen can improve his economic level for the better. I say so because I think for now crypto greatly contributes in improving the economy in each individual user.
The Cryptocurrency Exchange should now register and report to the Australian Transaction Analysis and Analysis Center (AUSTRAC). AUSTRAC has issued a document outlining the main obligations of digital currency exchange under the new guidelines.
I do not think so. Although bank on australian allow customers to purchase cryptocurrencies, the Commonwealth Bank of Australia (CBA) declined to respond to the Australian Broadcasting Corporation’s request for comment. However anecdotal reports have long indicated that CBA has prevented its customers from conducting wire transfers to major cryptocurrency exchanges.
that is good news for all bitcoin holders around the world, news of this kind that can increase the bitcoin price.
According to the Australian Broadcasting Corporation, a spokesperson representing Australia and New Zealand Banking Group (ANZ) stated that the bank “does not prohibit customers buying digital or cryptocurrencies, or accepting them as a form of payment.”
Yes, this information is true. However, ANZ does not provide banking services to “businesses that operate as issuers, dealers or exchanges of digital or cryptocurrency,” with the spokesperson stating that “these businesses are currently unregulated and therefore not within ANZ policy”.
This is good news as there are big banks in a big country that accept investors in Crypto. But this can be one of the ways banks and governments can control investors and then tax them.
Article Link: https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/
Some of the important Banks in Australia is allowing their customer to purchase cryptocurrency using their Bank account Kudos. This will be a good news on our part Bitcoin will became stable and I assume some country will be patient Japan and Australia. So to all panic user just calm and feel the bubble again of bitcoin.
Heck yeah! Yet another country supporting crypto currencies. I know it be a success in Australia and other countries will be doing the same thing in their countrues. I just hope that we don't see anymore countries banning crypto currencies anymore.
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