Coinbase accuses Australia’s biggest banks of systematic crypto debanking
Coinbase has accused Australia’s largest banks of systematically restricting access to basic financial services for crypto and fintech firms. In a submission to the House of Representatives Standing Committee on Economics, the Nasdaq-listed exchange stated that debanking now poses a direct risk to competition, innovation, and public trust in Australia’s economy.
The exchange stated that banks are increasingly shutting off lawful businesses and individuals by closing accounts and imposing limits on transactions with digital assets.
According to Coinbase, these moves are no longer isolated compliance decisions but coordinated policies to restrict how people use their own money.
