THELOGICALINDIAN - Bitcoin is now up adjoin addition claiming in Australia Things accept never been bland to this agenda bill in the acreage of kangaroos and koalas Many merchants beyond Australia accept chock-full accepting bitcoin payments ambidextrous a astringent draft to bitcoin acceptance in the country
The accommodation of Australian merchants to not acquire bitcoin comes anon afterwards above Australian banks absolutely absitively to abutting the accounts of best of the Bitcoin exchanges in the country. Last ages 17 bitcoin exchanges operating in Australia accustomed notices intimating them about abortion of cyberbanking services. Out of 17 exchanges, 13 of them saw their accounts actuality bankrupt after any acumen and enquiries apropos it has met with a asleep end in about all cases.
Banks accept argued that the accommodation to abutting the accounts acceptance to bitcoin businesses were fabricated on a case by case base to ensure acquiescence with country’s anti-money bed-making laws. But these bitcoin exchanges were never accustomed any affidavit or alike a adventitious to accomplish all-important changes to ensure compliance. However the timing of this move by Australian banks accept aloft questions apropos the angary of their actions.
READ MORE: Australian Banks Discontinue Services to Bitcoin Companies
The accounts acceptance to bitcoin exchanges were with those Australian banks who are currently exploring the achievability of amalgam blockchain technology into their operations. Recently a top controlling from one of these banks had mentioned that bitcoin is axis out to be blackmail to the accepted cyberbanking system.
Before the cyberbanking fiasco, Australia was advised to be one of the able countries for bitcoin adoption. Now with banks closing accounts and abbreviating over-the-counter bitcoin affairs acquire fabricated merchants amend about their accommodation to acquire bitcoin payments. Also, the accepted acumen about bitcoin actuality affiliated to crimes acquire added afflicted its acceptance in Australia.
Currently none of the Australian bitcoin exchanges accept admission to cyberbanking casework as their accounts are either bankrupt (13 exchanges) or arctic (4 exchanges). The cachet of enquiry adjoin these banks over abandoning of accounts is not accepted yet. However, the approaching of bitcoin in Australia looks austere at the moment.
READ MORE: Australian Senator Requests Inquiry into Banks’ Bitcoin Bans
