Commonwealth Bank of Australia potentially limiting crypto transactions to $10,000 per month

The CBA has contacted it’s customers to advise or new limits affecting “those accounts we believe to be associated with cryptocurrency exchanges” to $10,000AU per month.

This doesn’t affect me since I have way way less disposable income to be playing with crypto, but it could impact some big traders.

Posted via Lemmy.world since kbin keeps crashing when I try to post from my native account.

slazer2au,

No shock, remember about 4 years ago they were fined a couple billion dollars for not doing enough to prevent money laundering.

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