Crypto in Australia quick update 🇦🇺
Crypto developments in Australia have been marked by Binance’s suspension of Australian dollar (AUD) services and Revolut’s expansion in the country. Binance’s suspension was due to its payment services provider ceasing support, affecting AUD deposits via bank transfers. However, credit and debit card transactions remain available. Binance is actively seeking an alternative provider to restore AUD services. Meanwhile, Revolut launched international payments-focused business accounts in Australia, aiming to secure a banking license and offer consumers confidence and demanded products. These developments reflect the evolving crypto landscape in Australia, highlighting the need for ongoing monitoring and adaptation.