In brief
- Coinbase has submitted a detailed complaint to the Australian parliament accusing the country’s major banks of making debanking “standard protocol.”
- The exchange says up to 60% of fintech businesses faced denial of banking services in 2021, an issue that persists today.
- Coinbase is urging lawmakers to legislate five transparency measures recommended by financial regulators in 2022 but never implemented.
Coinbase has accused Australia’s Big Four banks of systematically denying financial services to legitimate crypto companies, calling the practice a threat to competition and trust in the country’s economy.
In a submission to the House of Representatives Standing Committee on Economics, reviewed by Decrypt, the Nasdaq-listed…
Feb 03 2026
