Binance Halts Fiat On-Ramps and Off-Ramps in Australia Amid Global Debanking of Crypto Businesses

Binance users in Australia are facing limited options for purchasing cryptocurrencies due to the global debanking of crypto businesses. Since June 1, fiat on-ramps and off-ramps by bank transfers have been suspended in Australia, including trading for Australian dollar (AUD) pairs. This suspension is linked to previous developments impacting Binance in Australia, including the closure of non-compliant accounts and the cancellation of the Binance Australia Derivatives license. Binance Australia is currently seeking a new payment provider to continue offering AUD deposits and withdrawals to its users.

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